Online retailer Newegg has already dropped the prices of some of its Geforce GTX 280 and 260 card and the price drop is a lot more than expected. Asus and MSI GTX 280 cards are already listed for as little as US$499.99 (€318/£252), but as if that wasn't good enough, Asus is offering a $30 mail-in rebate and MSI is offering a $40 one.

This means that you can get the MSI card for as little as US$459 (€293/£232) which is really going to put some pressure on AMD. Cards from other manufacturers seem to be selling for anything between $519 and $729.99, so the price cut hasn't taken effect across the board as yet.

GTX 260 cards haven't dropped quite as much in price, but you can pick up an MSI card for $299.99 (€191/£151) which is still a very good deal, although most of the other cards listed are selling for between $329.99 and $429.99.

Hopefully this price drop will follow suite across the pond in Europe as well, but time will tell if there'll be as much of a price cut outside of the US.

Update: It turns out that the MSI mail-in rebate is available for its GTX 260 card as well and both offers are available until the end of the month, this makes the MSI card even cheaper at $259.99 (€165/£131). All you have to do is go to this website and register your purchase and you get the money back from MSI.

You can find the GTX 280 listings here and the GTX 260 listings here