Right On!
I'm in the same boat. MA is tax free on 8/13 so that's the day I buy my new ibook, update or not. Also, the rep I talked to at 1800MYAPPPLE said that as a student, I could get the free printer AND ipod mini. Combine that with my ed discount and the tax exemption, and getting to put an end to this interminable waiting and actually have some time to play with the damn thing before school starts, and I could care less about the darn ripple effect. I just need a decent machine to get me through the next year. Then I'll graduate, get a good job, and buy a G5 cheap from someone desperate to buy a mactel.
Of course I still hope there's an early August surprise, or barring that, nothing until February!