Its not known for sure when the Galaxy Tab will be updated with Android 3.0 Honeycomb. Although the Samsung tablet has already been made sweeter, thanks to a price reduction to the tablet by T-Mobile. However, the deal is has a catch, you will have to sign for a two year agreement.
There are already quite a few Honeycomb tablet like the Motorola XOOM and the BlackBerry PlayBook that are almost ready to be released and the hype surrounding the upcoming Xoom is going through the roof. So in a way, reducing price is a time tested method of ensuring the Galaxy Tab remains in public minds.
Also, the latest rounds of price cuts preceded an earlier similar move on part of Sprint which had brought down the price of the Galaxy Tab to $299. Verizon too had resorted to a similar strategy earlier when it had reduced prices of the Android Froyo tablet to $499 from $599. However, it is T-Mobile that has truly made the Samsung tablet to truly affordable levels though perhaps a $200 price tag would make it the sweetest buy among quality Android tablets. May be there are further price cuts awaiting us once the Honeycomb tablets reach store shelves.