http://www.igniq.com/2010/08/23/intel-i7-massive-price-cuts/
If you’re planning on building a gaming PC anytime soon, you will be pleased to know of Intel’s upcoming price reductions for some of their flagship processors. In just seven says time on the 30th of August, the Core i7 950 (LGA1366, 3.06 GHz, quad-core) which is currently retailing for $564 on Amazon.com will be slashed to $294, effectively replacing the i7 930.
OverClockers.co.uk already has the processor listed for £234.99 on pre-order.
The 950 performed extremely well in benchmarks with plenty of room for overclocking. Tom’s Hardware pitted it up against the 975 Extreme Edition and it certainly held its own against the $1,000 processor.
That's right the i7 is going to be on sale, a more powerful $500 version will be only less than $300 and it's 3.06 GHz right out of the box. It benchmarks well and it's a good card to overclock too. Lots of ppl are building a new pc rig and i've also been thinking of getting an i7 cpu, yet I complained it's too expensive. Hopefully now I can get more value out of it and the i7 920 hopefully wilil even be cheaper now. Just thought I should let others know because it seems alot of ppl including myself are interested in building a new right now.
However I belive the i7 1336 socket is going to be phased out with the sandy bridge architecture i7 cpus and that's why they are dropping the price. You can read more about it here. http://en.wikipedia.org/wiki/Sandy_Bridge_(microarchitecture)
Edit: rumor also suggest that maybe the i5 will be cheaper too, however it's only speculation.
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