Worldwide E-PL1 price drops (BHphoto has it for $479!)

Olympus UK (see ePhotozine) and Olympus France (see ForumOlympusFrance) announced price cuts on the E-PL1. It looks like those price cuts have been made worldwide. In US BHphoto now sells the E-PL1 for $479 (Click here). Add the item to the cart to see the real price!

I guess this is a move to be even more competitive with the Sony NEX cameras.

(Thanks E-P1.net for finding the BH deal)