Is $700 for a Nikon D7000 a great deal?

Regular price, its 900, 200 dollars off. So is 700 dollars a good bargain?

Amazon has them for $770 without lens, so $700 does appear to be a good deal - unless of course it is a grey market item.
If it is grey market item you will not have an "in-country" factory warranty, so if that is the case $700 is not necessarily a good deal.
You can also get a factory refurbished D7000 for $650, which does include a 90 day factory warranty, and more importantly - Nikon will repair it out of warranty (of course for a charge). Nikon won't touch a grey market repair (at least in the US) - even if you are paying for it.
http://robertscamera.com/refurbs/d7000-body-only-refurbished.html