Sony dropped the price to US$1,500 (http://www.sonystyle.com/is-bin/INTERSHOP.enfinity/eCS/Store/en/-/USD/SY_DisplayProductInformation-Start?ProductSKU=HDRHC3&Dept=cameras&CategoryName=dcc_DICamcorders_HighDefinitionVideo), down from US$1,700

If they drop it another $500, then we should have a bargain. If they give back the extra HC1/A1 like features, then it may be worth that price.