Seems to me if the 3g version is 699 then the wifi only version should be 599.
I can live with 599.
If there wasn't a Verizon logo in the top right corner of the Xoom, I would believe a Wi-Fi only version was coming to the US. In reality, the logo is there, and Verizon paid (in some way) for it to be there. I just can't imagine we would see a Wi-Fi only version of the Xoom in the US until 3rd quarter, at the earliest. Granted, you can buy it from overseas, but the import/shipping is going to eat into those savings big time.
Honestly, Motorola is listening to everyone flipping out about the price. In fact, they're probably sitting there laughing at the reactions, because now everyone is going to think $649 is a great deal when they end up launching it at that price.