Sprint has only had the Samsung Galaxy Tab out since November 14th, yet is already slashing its price. Perhaps the huge amount of tablets announced at CES has something to do with the price adjustment. That or the fact that when Honeycomb comes out, the Tab will be obsolete. Besides it’s not that much to make.

The new price will be $299 to lock in for two years and $499 contract-free. We’re thinking that this price drop might be in anticipation for the Wi-Fi only model coming out. Hopefully, the early adopters don’t get too upset like the Apple customers did for the original iPhone.