If you're like me and have already purchased a 3DS, you're a little disappointed that this happened so soon, only six months after launch. It wouldn't feel so bad if the 3DS was reduced by $20 or so, but in reality the 3DS is being dropped from $249 all the way to $169, can you say a 32% price cut!?! The effective date for the price cut is right around the corner, August 12, 2011. Current owners, all is not lost. Nintendo realizes this is a real bummer for people who already dropped $249 so as a "thank you" Nintendo is giving owners 20 free download-able games, hey at least it's better than nothing. You can read about the price cut and the free download-able games in detail here. Also, here is the official 20 free game announcement by Nintendo.
So if you were on the fence about picking up a 3DS, you shouldn't be come August 12, 2011.