Less than two fitty after rebate. 
Smith & Wesson M&P Shield 9mm 3" Barrel 7+1/8+1 Single Stack Black - COMBAT ARMORY

Smith & Wesson M&P Shield 9mm 3" Barrel 7+1/8+1 Single Stack Black - COMBAT ARMORY
Less than two fitty after rebate.
Smith & Wesson M&P Shield 9mm 3" Barrel 7+1/8+1 Single Stack Black - COMBAT ARMORY
Would S&W be offering a rebate if it were used?
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Less than two fitty after rebate.
Smith & Wesson M&P Shield 9mm 3" Barrel 7+1/8+1 Single Stack Black - COMBAT ARMORY
Do you think "they" care. Just movin' stock brother. Good deals to be had everywhere on S&W plastic guns and rifles. There are nice new ARs available now in the $400s. Hold out, when that inventory starts chewing at 'em they'll be even cheaper. Truth be known, that's all these plastic things are worth. "They" know it and the prices will be coming down more.
I purchased a Shield 9mm last fall. This ^^^^^ makes me want to cry.
I suspect S&W is discounting the Gen 1 Shields in anticipation of the 2.0 version. Saw the same thing happen with Ruger LCP. When the LCP II came out, price for the original went south to below $200.
The rebate is done through S&W, how would that hurt the LGS?
I don't think there will be too many Shield 1.0 left in stock after June 30.
Shield sales are well on the way to 2,000,000.
I'm waiting for them to start giving them away in Happy Meals.