Chris, Thanks for the info... I'm thinking of doing the same as you with my REI coupon, plus I have some dividend that will get spent on something... With the 20% off, tax and shipping included, the price is $260. Although I just checked REI and it's now showing a backordered status... So apparently I wasn't alone in my thoughts... Might hold out as the coupon code lasts for a couple weeks to see if the status changes at all.
I'm definitely not opposed to trying a quilt, but there doesn't seem to be much of a weight/cost savings in going that route compared to this bag. The most comparable quilt looks to be the JacksRBetter Shenandoah, and is 2 ounces heavier, only $40 cheaper, and doesn't look to be as small when compressed.