Yes - definitely still hanging onto the "deal". Why? Because it is a "deal". The card is an accessory and Dell had a 20% off on accessories.
Will I ever get it? Nope. But, I'll get free $$$ from Dell for the inconvenience and mess up. I'll end up getting a eVGA Superclocked for $50 below MSRP. Sounds fair/good to me.
Keep in mind that $300+ for an 8800gt reference design card is not a deal. This is the inflated price that OEM's have assigned to this card due to supply/and/demand. MSRP for a 8800gt vanilla was supposed to be around $225-$250. (Oc'd versions $255-$325 depending on market demand).
By the way, the eVGA superclocked version deal was offered to me 3 weeks ago. I took the deal but left my MSI order intact. Good thing I did because the earliest it was going to ship was late March. I had to cancel the eVGA "deal".
I agree with you however on the "holding-on" reasoning. This is a great deal. I'm holding out, because regardless of whether or not I get 2 shiny new 8800gt's, (my Asus 7900gs TOPS cards in SLi are working just fine for now), I will get something out of Dell. Whether it be a $50 credit on the order, or free overnight shipping, or a price-match on a future item.
By the way, keep drilling Dell on this if you don't want your order canceled. Call them on the phone, e-mail them, contact Dell live chat... etc. Hold their feet to the fire. I have been a pc and gaming enthusiast for a long long time and can tell you honestly that even if it's a sub-par company, at some point during your 100 calls or e-mails, someone within the company tries to go that extra mile. Just keep praying and holding out.
If we all lose out on this, fine. Dell will become more "muddy" than they already have become...
Merry Belated Christmas everyone.