We just got a tip that Apple is planning on dropping the prices again on the iPhone and iPod line within the next month or two - perhaps at the late February event. Our tipster says that Apple will drop the prices $100 on both the iPod Touch and iPhone lines.
Also, the 8Gb iPod Touch will be dropped from the lineup according to the source. It would also make sense that the 8Gb iPhone would get phased out as well, but it wasn't mentioned in the tip. Inventories will likely be a big factor in the timing so we're keeping an eye out for shortages.