However this price is way to high for me and my budget wont stretch that much. Does anyone think or know how much the price drop will be after Xmas or new years, or when a significant price drop will happen.
TSMC is producing the video chips for AMD/ATI. They are have production yield problems at no more than 40% yield which is horrendous. That means for every 100 GPUs, 60 are trash. Thus, low supply and increased cost per "good" GPU, which is why AMD announced prices for the HD 5xxx is going up.
Prices will drop when TSMC can improve their manufacturing process for 40nm chips, something they have been struggling with ever since the HD 4770.