Methods and apparatus for placing a non-volatile memory systems in one of a number of power-down modes in response to events being monitored are useful in reducing power consumption of the non-volatile memory system. The power-down modes provide for successively less functionality, thus providing for successively less power consumption. A non-volatile memory system thus can respond to the events to place the system in a mode that permits the desired operation or a desired response time for subsequent operations while seeking to minimize power consumption.