Google has dropped the price of the Nexus 4 by 25% across Australia, Canada, Germany, Spain, Korea, US and the UK. In the US, this translates to USD$199 for the 8GB Nexus 4, making it one of the cheapest and best value off-contract vanilla android devices.
At this price, stocks are sure to sell out fast so if you are still sitting on the fence, grab one before they are sold out again.