I've already bought one, so it dosen't matter much to me.
But most major retailors such as Futureshop, Best Buy, Zellers and Wal-Mart have reduced the price back down to the $659 price point. So even if we didn't get a price cut yet, things won't suck as hard as a few weeks ago when PS3's were the full $699 price point.
Also many retailers are offering a free game with purchase, to reduce overstocks. So as long as it's a game you want, it works out pretty well.