Michelle Kessler in USA TODAY wrote that "lower-than-expected demand for flat-panel TVs is spurring makers to cut prices - setting the stage for a bargain-filled back-to-school and holiday shopping season."

Why the glut? Optimistic TV makers overestimated demand.

TV makers and others thought sales would surge in advance of the World Cup this month, especially in soccer-mad Europe. That would have provided a welcome boom during a normally slow time. But the sales jump never happened.

So, if you don't have your flat panet TV yet, go out there and get it now!