Here in Canada, the prices of the kit fell from CD$1600 to CD$1500 and the body from CD$1500 to CD$1300 (all prices before 15% sales taxes). This may be unique to Canada - to the bring prices somewhat in line with US prices. Here's my Dilemma: Buy a good P&S such as Canon S45 for about US$ 400 or wait for the price of Rebel to drop to about US$ 700 - I cann't do both. Also, I don't know whether I could handle auto focus and shutter lag of a P&S. Currently, I have Elan II, Canon 28mm, 50mm, 85 mm and 28-105.