Coming in the shadows of the announcement of the Palm Pixi, Palm also announced that the price of the Palm Pre has now been dropped to $150 dollars with contract.

So if you’ve been waiting for a cheaper version, or just haven’t been that impressed with the 3GS, now is your chance to grab yourself a great phone at a great price.

Price available after $150 instant and $100 mail-in rebate.

Click HERE to buy the Palm Pre from Amazon.com