I laid my hands on a budget iLC 7" Tablet PC (MID Tab701) running on an ARM 800Mhz CPU, 258MB memory, 800x480 pixels LCD resistive touch screen with LED backlight, videoprocessor DSP 300MHz with Android 2.2 as OS (to be more specific Wonder Media WM8650 kernel 2.6.32.9-default build; generic-eng 2.2 Froyo v1.2.3-20110414.152957).
I downloaded and installed BSPlayer light with no problem. However, when trying to run it, it doesn't and reports "Unsupported CPU. Please report to the developer. (0,0)"