Following the release of its new flagship, Core i7 990X, Intel has updated pricing for Core i7 900 CPUs. The new line-up is as follows:

Core i7 990X – $999
Core i7 980X – ~$950
Core i7 970 – $583
Core i7 960 – $294

To accommodate the Core i7 990X, the 980X must drop in price. However, this price drop hasn't really shown in e-tail, yet, but the price is expected to stabilize at around $900-$950. It is the Core i7 970 which undergoes a massive cut from $880 to $583, making Intel six-core CPUs that much more affordable. (relatively) 

The 3.2 GHz Core i7 960, which is a quad-core CPU, drops from $583 to a much more affordable $294. Of course, it is no match for the similarly priced Core i7 2600, except you can't really get a motherboard to use it with. 

The 990X and these price updates are likely to be the last hurrah for the extremely successful Nehalem generation, with the Sandy Bridge E processors incoming, replacing the LGA1366 platform with LGA2011. 

Source: Intel

Below is the bulk pricing not retail price, just to serve as a reference.

 

Processors Model Specs Old Price New Price % Change
Core i7-990X Extreme Edition 3.46GHz, 6C/12T, 12M Cache, LGA1366 - $990 -
Core i7-980X Extreme Edition 3.33GHz, 6C/12T, 12M Cache, LGA1366 $990 $990 -
Core i7-975 3.33GHz, 4C/8T, 8M Cache, LGA1366 $990 $990 -
Core i7-970 3.2GHz, 6C/12T, 12M Cache, LGA1366 $845 $555 (34%)
Core i7-2600K 3.4GHz, 4C/8T, 8M Cache, LGA1155 $305 $305 -
Core i7-2600 3.4GHz, 4C/8T, 8M Cache, LGA1155 $285 $285 -
Core i7-960 3.2GHz, 4C/8T, 8M Cache, LGA1366 $555 $285 (49%)
Core i7-950 3.06GHz, 4C/8T, 8M Cache, LGA1366 $285 $285 -
Core i7-930 2.80GHz, 4C/8T, 8M Cache, LGA1366 $285 $285 -