There's been a lot of price drop activity to Central America lately, notably to the following cities in the months of February, March, April and May...

There are some very cheap flights to Guayaquil, Ecuador (GYE) at the moment. They're available throughout March, April, May, and June of 2012. It's definitely rare to see flights to South America this cheap.

Update @ 10:51AM - The $297 fare now looks to be sold out. Getting the 'unable to confirm' message on Orbitz now.
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Update: Looks like Air Canada is now sold out of the cheap price, it's showing as $980 for the same flight now! Congrats to those that snagged it.

Those of you that have been following my posts for nearly a year might remember the Expedia flub last November that lead to packages to Vegas for as cheap as $19/person after taxes & fees for flight + hotel packages from all across Canada.

Update @ 5:23 PM : Delta seems to have caught on and the price is now back up unfortunately. There were reports that the reverse was working for a while as well (out of a Canadian city, back into a U.S. city). Could still be worth trying.
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Update: Sep 8 - Flights from Montreal to Denver seem to be experiencing a similar price drop on Delta, for anyone that likes to ski, you seem to have your choice of dates.
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Air Canada Vacations has dropped the price of their September 17-24 flight to Turks & Caicos down to $251 roundtrip after taxes. (About 40% cheaper than the next cheapest airline).

Air France just announced a flash sale on flights to Algiers (Algeria), Casablanca (Morocco), Rabat (Morocco), and Tunis (Tunisia).