Well, I just experienced that mini emotional roller coaster a few minutes ago. I was looking at Amazon's Gold Box deals and saw the 60-minute flip video on it for $99.99. I just ordered mine a few days ago and it hasn't even shipped yet, and the thought of saving an additional $42 or so made me very happy. I wasn't sure exactly how to get the refund, so I figured I'd just purchase the cheaper one to make sure I had it locked in and figure it out when I called customer service. I was all set to make the phone call when I realized, duh, that they were selling the 60-minute Flip Video, not the 60-minute Flip Video Ultra. Feh.
It's still a very good deal at $99.99, but I really had my heart set on getting the ultra which has twice the memory, and thus, supposedly better video quality. If you're interested in getting a cheap camcorder, you could do worse than jumping on the Amazon deal right now. You'd be saving yourself around $20 off their normal prices for it.