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I did about 350hrs and passed with flying colours, but it's important to note that I had considerable studies in the area previously.

It really depends on your previous studies and your ability to learn and memorise the material on a first run through. Reading the CFAI Cirriculum (if you take this route which many previous passers have not and just used Stalla/Schweser) takes about 150 hrs (approx.) and final review and mock exams will normally knock off another 50-100 so you'll get there quite quickly.

I am currently studying for III in June 2012 and Level I would be about the only Level that I feel you would get by with on the 300 hr mark for as the others require a fair bit more work.

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I'll bite. Yes, I and many others on this forum passed with <= 300 hours of study. It tends to be more about quality vs. quantity when it comes to study hours. A lot of comes down to how fast you read, how many notes you take, how many practice questions you plow through, and how many practice exams you take.

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