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Mark posted a site update on Smashwords about the Kobo price problem, it was a bug in the software that caused this to happen to some titles. According to Mark this is now being fixed. Being that he has always been upfront, honest and straightforward with his dealings I believe him.
Frankly I don't see it as a sky is falling problem, in the long term this temporary price drop may benefit the Authors it is happening too. Certainly to me its not a cause to post pull your books from Kobo on Smashwords all over the net, this is the same post that is over on the Kindleboards and no doubt in other places.
Selling your books is a business and business will fail if you keep making knee jerk decisions. Find out the problem, see how it will benefit or hurt your model and plan a solution.
Arigato,
Nick Davis
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