Between the price drop and my local retailer selling off an overstock of games at 75% off, I walked out of there feeling like a bank robber. I got the PSP Entertainment Pack, which includes a copy of Lords of Dogtown (great movie) and ATV Offroad Fury (don't know if that's fun or not) along with a 1 GB Memory Stick Pro Duo. All for the low, low price of $219.
Now for the part that will make you green with envy. I got the following games for between $4 and $10 apiece:
Killzone: Liberation
Star Wars: Lethal Alliance
SOCOM 2
WTF
Rengoku II
Justice League Heroes
Sid Meier's Pirates
All of this plus an anodized aluminum case with scratchguard for under $300. Now, now. Don't hate.
I'll update to let you know what I think of the games.