Well, I'm from Houston but I'm afraid that I'm not THAT irked about the price drop. I bought the phone 10 weeks ago on iDay so I got to use it for 2 1/2 months for the $200. That's $20 a week for me. Had I known that the phone would have dropped in price by 33% 10 weeks later, I might have thought harder about it, but I would have still purchased it. I've been waiting for this thing for 2 years.
But I certainly do understand the anger that many true Apple fans are feeling. The early adopters are generally the biggest fans. And for Steve Jobs to charge his biggest fans an extra 50% is just an outright betrayal.
I wasn't an Apple fan so I bought the thing completely on its own merit, rather than wanting to possess one more iLife product. I knew what I was getting myself into, so I'm not surprised by the price drop. I'm a bit surprised by the percentage, but in all honesty. I'm glad about it. Now more people can afford it and there will be more pressure to make it even better than it already is!
I'm more upset that it's taking so long for a significant update. We can't copy/paste, send MMS messages, record video, or do many of the other usual cellphone necessities. It is the best cellphone ever, but they made it so at the expense of some important functionality.