Do anyone know if Apple going to Drop the pricing of the old imac,since they release the new ones?

Apple won't, but there are several other sites that will carry the closeouts. Try these:

http://www.macconnection.com/
http://www.warehouse.com/apple/
http://www.zones.com/Mac_Zone/
http://www.macmall.com/

Also, no closeouts here but some good deals to be had:

http://store.apple.com/1-800-MY-APPLE/WebObjects/AppleStore.woa/wa/RSLID?nnmm=browse&mco;=989AF434&node;=home/specialdeals

Sorry that last link didn't work...

Go to the Apple Store online, then scroll down to the bottom and look to the right. There is a link there called "Special Deals"

Also note that as part of the announcement, Apple dropped the price of the 20" iMac. If you want that one, you should buy the new, updated, cheaper version.

The 17" might be available on closeout somewhere, though.

Check with www.smalldog.com