I guess the price war started at least in USA. On almost every camera and lens we are experiencing consistent price drops. It is far more difficoult for me to know if the same tendency is ongoing in Europe. A first check on the german website idealo.de do not confirm a massive ammount of price drops like in US.
Anyway, here the list of the discounts. If you click on the shop name you will jump directly to the product page.
– The blue and champagne Olympus E-PL1 with 14-42mm price is now $529.00 on Amazon. You save $70.99!
– The Olympus E-P2 + lens but without viewfinder now is in Stock for $899 on Amazon, Adorama and BHphoto
– The Panasonic GF1 + 14-45mm lens is in Stock for $754.95 on Amazon and BHphoto
– The Panasonic GH1 + 14-140mm lens is in Stock for $1,189.95 on Amazon, Adorama and BHphoto