RIM's PlayBook launch was a disaster. The tablet received the most lackluster response, worst than HP's TouchPad. But, the TouchPad became an overnight sensation once HP started selling the tablet for mere $99. Amazon's Kindle Fire has also become a rage and one of the reason's the the price point. RIM seems to have learned a lesson from HP.

The company dropped the price of 16GB PlayBook during festivals. The company was selling its 16GB tablet for $199. Now, the company is taking these celebrations to the next level. The company has slashed the price of 64GB and 32GB playbooks to $299. The 64GB versions was earlier one of the most expensive tablets at the price point of $699 and 32GB version was sold at $599.

This is more than 50% cut and makes PlayBook the cheapest yet, one of the most powerful 7-inch tablet. It will be interesting to see how many units RIM sells. The price cut will last through Feb. 4 and is available only through the official store.

Are you planning to buy the PlayBook?