In an announcement made today Linden Lab has slashed setup fees for land with as much as 40% effective immediately.
A single region – called Full Private Island, has the setup fee reduced from $1000 to $600, while a Homestead that was $375 is down to $225.
Qualified educational and nonprofit organizations will continue to receive a 50% discount off the applicable set-up fee (as well as 50% off ongoing maintenance fees).
Despite the reduction, the pricing for a single region is still in the order of 10x more expensive than a comparable region on most OpenSim grids.
The full priceless and details can be found in the SecondLife blog.