I doubt they'd release a 160Gig for $299 and do a clearance sale on the 250Gig at $299 at the same time. More like do what they did in Japan and go open pricing on the 120/250 skus.
Seems a bit weird that they can potentially drop the 250Gig down to 299 (probably still selling at a profit) and not actually retain it as the entry level sku once the 120's have cleared. Then just slot the 320 in at the old 250 gig price. Just go cheapo on the 120Gig sku, and not crowd the market with 4 sku's at the same time.
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