We have seen many price drops on Amazon and other stores but the real deal is now on Ebay.
They ship worldwide so everyone interested in getting the camera should take a look on it.
For europeans: $769.99= 563 € -> In Germany the cheapest price is 742,99 € on Pixmania.de. So you save 180 €. I don’t know how much you have to pay for taxes if you buy in Ebay US.
UPDATE: I was told that in Italy you have to pay 25% taxes!
P.S.: we do not expect any Panasonic GF1 successor soon.