Chinese website HKEPC reports that Intel will be slashing the price of the Quad Core Q6600 to an unbelievable $266:

In the most updated plan, Intel Quad-Core Core 2 Quad Q6600 (2.4GHz/4MB L2 x2/1066MHzFSB) will be further cut to $266, a second drop within 4 months since its release on March with 68.7% accumulated price drop. For the original price segment of Core 2 Quad Q6600, now it will be replaced by a new model Quad Q6700 (2.66GHz/4MB L2 x2/1066MHzFSB), pricing at $530.

For the mainstream desktop processors, while Core 2 Duo E6000 family has no price update information at this moment, its relatives, Core 2 Duo 6050 family which features 1333MHz FSB releasing on July 22, has got a very impressive price advantage. The 3 models including E6550 (2.33GHz), E6750 (2.66GHz), and E6850 (3GHz) are only priced at $266, $183, and $163, around 40% cheaper than its 1066MHz version. Together with the new release of Bearlake featuring 1333MHz FSB, the both releases are expected to have great sales.

In related news, VR-Zone reports that says Intel intends to also slash mobile Core 2 prices a couple of months later. According to the price list, the new Core 2 Duo T7700, which runs at 2.4GHz and has an 800MHz front-side bus, will see its price drop from $530 to $361. Intel will also reportedly discontinue the 1.8GHz Core 2 Duo T7100 and 2GHz Core 2 Duo T7300, which are priced at a respective $209 and $241, and introduce a new 2GHz T7250 model at $209. On the high end, a rumored 2.6GHz mobile Core 2 Extreme X7800 that's said to be coming in July with an $851 price tag will be replaced by an X7900 model with a 2.8GHz clock speed.