Many MicroFourThirds items do have the lowest price ever (click on the item name to jump on the product page):
Amazon: Panasonic GF1 with 14-45mm Lens for $763.96.
Amazon: Panasonic GF1 Body Only for $549.99.
The Panasonic GF1+20mm lens is also availabe in RED, WHITE and SILVER via third-party resellers.
Amazon: Panasonic GH1 for $1,189.95
Amazon: Olympus E-P2 with 14-42mm Lens and Electronic View Finder for $1,028.98.