So went to my local Woolies today at Underwood QLD, and they had 1kg of short cut bacon for $7/kg or 2x1kg packs for $12 !! Obviously left over stock from their "$5/kg when you spend $100 or more" promotion last week, but cheap as bacon !!! Had an expiry date of 5/6/13, but that's plenty of time to eat 5kg of bacon :)
Bought 10kg, but they still had 40-50kg left, easily.
CONFIRMED NATIONWIDE (if your store had excess stock)
UPDATE 2/5/13: Price drop nationwide to $5/kg !!
at my local woolworths (VIC), it's 1kg for $7 too… probably trying to get rid of excess stock from last week's promotion