Ok, simmer down guys. It's not worth getting in a tizzy about. I will have to agree with Drew on this one though. I say that I have definitely seen this happen with a large amount of inventory at a "premier" dealer. Whether or not "the home office" knows about and/or condones the action is not for me, or any one else to speculate about. I would also side with Drew that I'd like to see this stop if for no other reason then I want the warranty. However, I have to weigh the burden of risk versus the monetary savings.
Again, I don't think this is "hornet's nest" worthy, but Drew does make a valid point. And since I've seen the practice, I have to speak up. Whether or not it's one that needs to be discussed/debated, or beat to death is irrelevant. It does happen. I've actually bought two guitars from two different dealers in this EXACT scenario.
I'm not sure if, as a consumer, I have an ethical authority to mention this to a manufacturer. I think this is a nasty part of business, period. To paint with broad strokes; I don't know what the relationship between musical instrument manufacturers and dealers is. However, I can speak from practical, real world experience. And I shall...having managed a distribution center for an office equipment dealership, I can tell you that we absolutely did this. In my case, it breaks down like this:
Dealership Corp office buys gear, and holds cost on HQ books
Area distribution center orders equipment and takes into inventory - cost is shifted to area as gear is sold
Unsold inventory becomes "obsolete" after 12 months and write down begins. A percentage of the cost is moved to the area holding the inventory
That area creates special pricing/promo/sale/mark down in order to move the equipment and recoup some of the depreciation before the area takes the entire cost of the unsold product.
After 18 months it's completely devalued/written off from a cost to the area standpoint. Now we do anything we can to move it.
All this time, in my case, the manufacturer "knows" what's going on because they want us to buy more new gear. It becomes a cycle.
And, I don't really know if it's immoral or unethical. I mean, if I'm holding, and need to move in order to keep new gear rotating through, at some point I have to do something.
Look at car dealerships blowing out last year's models so they can take on this year's model. I know they aren't being sold as "used", but that's where I don't know what the relationship is.
I know this is all over simplified, but it is an occurrence in the business world.
In closing, remember, I love you guys. Take it easy on the beatings.

Please!