Last year Amazon had trouble filling orders of the then-new Kindle, so eBay took over and prices rocketed to $1,500. This year, same problem. Amazon says orders for Kindles will take 11-13 weeks to fulfill (which is, we believe, when they will launch the Kindle 2). So you aren’t getting one by Christmas directly from Amazon .
But eBay and Amazon stores have them for sale. New ones are going for as much as $975 (some are less) for buy it now. The market price for used ones seems to be in the $700 range, but some one is just $429.
I saw save a few dollars and wait for the new one to come out. You don’t want to be the guy who’s reading the old model on the plane.