OK, still al lot of money, but if you want to seriously get into 3D it is a good deal.
I've been learning/using it for almost a year now and I am still very happy with it.

Here is the text of the newsletter:

Our festive promotion is now on, offering 40% off MODO new licenses and upgrades until Christmas Eve (2013).

That’s a new individual license for just £599 / $897 / €700 or a new floating license for £719 / $1,077 / €839.

Already own MODO? Pick up a 701 individual license upgrade for £197 / $297 / €227 or a 701 floating license upgrade for just £280 / $417 / €317.

This promotion is only available for 2 weeks, and will end 24th December at 8am TC/GMT.

Save 40% off MODO today

Happy holidays!

The Foundry Team