UPDATE: Yes, Virginia, there is a Woot-off.

There is likely to be a Woot-off starting at midnight tonight. Here is the email that led us to believe as such:

Welcome to Woot's first official recession-era newsletter! For the next 12 to 24 months...[ed. blah blah blah funny stuff about the economy oh here we go] you'll want to stay far away from Woot.com this week. The breadth and scope of bargains we'll be offering - especially starting Tuesday morning at midnight - will be powerfully tempting.

[Woot] (Thanks to Jeffrey!)