Update: Best Buy dropped the price on the clearance model (MD103LL/A) down to $1,299, and I noticed that they were running out of stock in the area, so I traveled down to my local store and asked. They had 1 left (so I didn't haggle on price), but I DID manage to get them to apply the student discount, even though there was a clearance item exception in the fine print.
I also applied a $10 Reward Zone cert, so even after tax, the laptop was $200+ cheaper than the same exact model being sold as clearance on MacMall. They were also offering a Yellow Tag special, which meant that I not only walked out as an Elite member but also with a $15 bonus gift card (in addition to the standard Reward Zone points).
I think this was one awesome steal. 😀