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Is Europe any cheaper in 2009 with the global economic slump?

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Or are you finding that prices (airfares, hotels, museum prices, etc.) remain pretty much the same as in more economically robust years? The exchange rate still seems high. We're trying to decide whether to go to Europe on such short notice (this July, using FF miles) or stay in the US.

We're considering Spain, only because I'm a bit more familiar with the sights & geography, thus making this spur-of-the-moment planning a bit easier.

Just curious as to your observations, as well as good bargain destinations. Thanks!

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