I've been holding off on buying a Canon T2i in the hopes of seeing a little price drop 6 months after introduction. Instead, many retailers including Amazon and my local department stores have been out-of-stock of this camera. It seems demand slightly outstrips supply right now.
I doubt this kit will drop any time soon. At least not until a replacement model is available for the T2i.
Perhaps with the release of the 60D and the new 7D SV, the T2i may reduce in price when the Holiday shopping season approaches.
Also worth noting is that there is another kit available with the 18-135 lens that is NOT available here on Amazon. I had to purchase that one from a local pro camera shop for $1149. It has the same contents as this package plus:
-An extra Canon lithium battery -A Canon 67mm UV filter -A Canon bayonet mount lens hood -Belking 6ft mini HDMI to HDMI cable
The sales rep at the store informed me that only "pro" shops carry this package while other big box retailers carry the standard 18-55 or 18-135 packages and bodies.