Fact: Canon is not offering the EOS M for $299.
Fact: There is no rebate currently offered for the EOS-M, which means no enforcement of minimum advertised pricing.
Fact: B&H offered the camera for $299.
Fact: We don't know why B&H made this offer.
Fact: Adorama and Amazon are major competitors with B&H.
Fact: Adorama and Amazon matched B&H's price.
Fact: We don't know why Adorama and Amazon matched B&H's price, but we can speculate it has something to do with the competitive marketplace.
Fact: Eventually, the EOS-M will be replaced.
Fact: B&H, Adorama, and Amazon offered a very low price on the EOS M
Speculation: Canon had a large backstock of EOS M kits
Speculation: Canon offered discount wholesale pricing to a select group of their largest US retailers
Speculation: The discount pricing was based on retailers' purchase of a large number of units
Speculation: Canon did this to drive wider adoption of the EOS M system
Fact: I bought one, it's been delivered to my building and I'll have my hands on it within the hour