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I just tried the Crunchyroll app on my Google Nexus 7 (Android). No lag, smooth animation, screen is probably as good as can be. 1080p might be a bit much, but it handles 720p (though doesn't have an external port for it.)The Nexus is also one of the best in its budget class (around 210e) and I'm very happy with it when it comes to reading and music as well. I'd suggest looking into it.
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