Hot on the heels of Apple’s recent announcement to drop the price of it’s latest (5.5 generation) iPod 30gb model to $249, Creative Labs has just dropped the price on their Zen Vision:M 30gb model to $249 as well.

With so many rumors pointing to a $299 launch price for Microsoft’s Zune 30gb model, the question is: Are people willing to drop an extra $50 for Microsoft’s as yet unproven social networking and song sharing features? Will Microsoft feel the pressure to drop the price and lose some profit margin? What do you think?