Consumerist Smack Deal At 3pm Eastern

We’re just a few hours away from The Consumerist/Jellyfish Smack Deal, where you guys have a chance to get up to 80% off snazzy products you voted on.

These products are a Wii, XBOX360, CanonSD640, Quicken, TurboTax, Mitsubishi HD1000U front projector, Sony Ericsson k790a, Tivo Series 3, Zune, Roomba, Scooba, Nokia N800, Zojirushi 5 1/2 cup rice cooker, KitchenAid Pro Line burr coffee grinder, Iomega Esata 300GB External Hard Drive, Sennheiser PXC300 Noise Cancelling Headphones, 80GB Video iPod.

We can’t guarantee the Wii will be available for mass purchase. HOWEVER, Jellyfish tells us you guys should have a chance to win at least one via the “Smack Wheel.”

Here’s how the Smack Deal works…

Jellyfish’s Smack Deal of the Day is a reverse auction: as time passes, price drops. The game is to buy the product at the lowest price possible. Towards the end it can get as low as 80% off. The trick is that you don’t know how many units are in stock, so if you wait too long… you lose out. Side games and real-time chat make for a rollicking time.

At checkout, players pay full price, but receive the cash back via check or Paypal within 60 days. Unlike a rebate, there’s no breakage, you are guaranteed to receive this money without fail. The only reason for the 60-day wait is for most store’s return policies to expire so people don’t turn around and try to return the goods for full price.

You can follow the link below to sign up, then check back in before 3. Even if you don’t shop, it might be an amusing experience to watch. — BEN POPKEN

Consumerist Smack Shopping Event [Jellyfish]