/u/dzabarte - the G7's Amazon US price history chart shows a pattern of repeated markdowns with brief returns to the $797.99 suggested retail price.

I recommend you go ahead and pull the trigger on a US model with a warranty from an authorized dealer - bundled with the kit lens, a case and a 32GB SD card for $597.99.

It could just as easily go back up to $797 as go down to $497.

Hope this is helpful and good luck getting the best price!