I'm right down the road from Greg, and will be feeling the hit as well (~$400 less, after taxes, per paycheck). It's a fairly large hit. I've set up my finances enough that it really doesn't matter (I just lose play money), but for the first time in a couple years, I actually have to pay close attention to where my money is going.
Definitely going to be interesting to watch everyone trip out.... Oh, and Greg - they've started layoffs there? Damn son. We're actually SWAMPED with work, with the new requirements and justifications. So basically....workload goes up, pay and hours go down.