Im in a situation where im looking to buy my first dslr but am also unsure as to what to purchase. Iv had my eye on the 60D for quite some time and now the price has dropped considerably. The problem im facing is that this product is over 2 years old and from what iv read a replacement or 60d-7D amalgamation announcement should be coming soon, however i have no idea when we could expect the product to hit store shelves or its release price. I have more than enough money to purchase a 60D now and still have a fair amount left over or purchase its replacement upon release. As most of you know a dslr purchase is a mini investment and i dont want to regret buying a 60D so late on when a new one could be just around the corner, with better features/IQ/sensor etc.
Was just wondering what some of you guys would do or you thoughts on the matter, any advice at all would be very much appreciated!
It's always a tough decision WHEN to jump on the bandwagon.

I've had 60Ds since they first came out. Sold one, kept one. It's my favorite general purpose body at this time and the first one I grab if I'm off to do some quick documentary shots. I keep a 15-85mm on it all the time, covers most situations more than adequately for me. The simplified controls, semi-compact size, good ergonomics, flip screen all are useful. You can pretty much shoot and control it with one hand if needed.
IQ from the 60D is on par with Canon's best, no worries there. (shares the same weaknesses too)
We're all waiting to see if the rumors of improved Canon sensor technology will show up in the next model, whether that will be a 7D2, 70D or the next consumer Rebel. Likely not the Rebel tho because the T4i is pretty new yet.
These next models SHOULD be announced within the next 6 months if history has any relevance.
An announcement COULD be made as early as 2nd week in January for the CES gig. CES is a consumer electronics oriented show so a good venue for consumer or prosumer product announcements. Hopefully we'll learn something about the new tech by the time CES is over. Often, in order to garner as much free advertising from the media as possible, they'll issue press releases and announcements a week ahead of the show.
If you can bide your time until after CES, hold on for a few more weeks.
If the money is burning a hole in your pocket then the 60D is a decent camera and will provide you with plenty of good images at a price that's very appealing right now. It should still have good residual resale value a year from now if you upgrade then. Judging by Canon's recent pricing on new product its replacement may fall to an appropriate price point by then too. Any "extra" money you have is always well spent on good glass. Lenses don't change very often, bodies in this range come and go much more quickly.