Verizon cutting Galaxy Tab price to $500, will refund any purchases from last two weeks

New year means a new price for the Verizon-branded Galaxy Tab. Droid-Life has received word from a couple of VZW store employees that the big red network intends to chop a nice $100 chunk off its price for the 7-inch Android tablet. Though this move hasn't yet been made official, the Galaxy Tab should soon be available to buy for $500, without any contractual obligations and plus a $60 movie rental voucher that can be redeemed in Samsung's Media Hub or the preloaded Blockbuster Mobile app. You shouldn't freak out if you've just bought a Tab either, as Verizon's also said to be offering a benevolent refund for the difference in price to buyers of the Samsung slate who happen to have receipts dating from the last 14 days.

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