I say if it happens, it won't happen till 2012 and it will be $199 then (maybe 149-179 absolute minimum). People forget that prices fall slower and slower the cheaper it gets. After this massive production cost reduction, it would take much longer now to drop the costs another $100. A redesign in 2011 or earlier wouldn't make them any money as they would never let themselves be profitable on hardware and the redesign would not save them much more money at this point.
Maybe one or 2 more die shrinks left, taking out the power supply, and shrinking the casing is about all they could still do. I highly doubt they will be able to shrink the motherboard much more other than to coincide with the die shrinks which would not be very significant.
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