Microsoft today detailed pricing for its Surface tablets, at least those running the scaled down RT version of its new Windows 8 operating system designed for low-power processors. The Surface starts are $499 for a 32GB version without the Touch Cover with integrated touch-sensitive keyboard, while the one with the cover is $599. The 64GB version with the touch cover costs $699.

Microsoft said its Surface would be roughly in line with the competition: Apple’s iPad starts at $499 and ranges up to $699 for the Wi-Fi only versions.

Surface will be available starting October 26, following a kick-off event for the media on October 25, and Microsoft looks ready to start doing pre-orders soon.

The touch cover adds $199.99 to the price when added as an accessory, and the type cover, with hardware keys, adds $129.99.

The WSJ reported that Microsoft anticipated selling as many as 2 to 5 million of these tablets in Q4, with is a bold statement, but at least they’re not overpriced.

Also, in Microsoft’s own words, “Surface with Windows RT works exclusively with apps from the Windows Store.” That means it’ll be like the iPad in more ways than one. We’ll have to see whether users think there’s as much value in Microsoft’s new tablet as there is Apple’s iPad.