This week I bought this camera bundle from OM.com for $250, and I'm very happy. My battery is still on backorder, though.
Overall, if you can get this for anywhere near what I paid, I'd do it. I have not seen this camera, nor any of its close competitors, at this price often. Even without the SD card and the battery. The Dimage XT from Minolta can be found under $250 online, but not with this bundle.
I was looking at spending well over $300 for something similar to this, and jumped on this deal. Do be wary of backorders, though. From what I've read, OM is very bad about simply cancelling them. My entire bundle was listed as 'In Stock' when I ordered, but the battery and camera suddenly showed up as 'Backordered' afterward. I did get the camera quickly though.
Like I said, still waiting for the battery, but this camera is very nice. For this price, I can't see how one could go wrong.