Intel is slashing pentium prices up to 58%. The Pentium 4 3Ghz processors will sell for $69 each. According to Arstechnica,

With the introduction and successful reception of the Core and Core Duo lineup, the Pentium 4′s status as an evolutionary dead-end has become ever more glaring. Intel once had lofty hopes for the Pentium 4 and the Netburst architecture. Its deep pipelines made high clockspeeds possible, but the company ran into problems with power density and transistor leakage, and couldn’t continue the insane clockspeed ramping that saw it take such a commanding lead over AMD, IBM, and Motorola during the days of the “megahertz myth.”