Noticed this today, was heavily considering buying this considering the price but have too many camera's at the moment to warrant another one at the moment.
A majority of other stores are currently selling these for $400-$500, it even seems to be the cheapest in the world.
This was after a quick search for pricing.
Australia
Harvey Norman - $547
America
Amazon - $448.99 + Ship
B+H - $399 + Ship
Grey Import
DWI - $459 + Ship
Citiwide - $440 + Ship
Great little camera if you want something in between a Compact and an DSLR for a decent price.
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