Seems like official as it is in the circular for Target and Circuit City for next week.
http://forum.dvdtalk.com/showthread.php?t=534871
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GAMERS: PLEASE note the $50 Price Cut to $299.99 on the XBOX 360 20GB Gaming System!
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http://forum.dvdtalk.com/showthread.php?t=534865
Quote:
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GAMERS: PLEASE note the $50 Price Cut to $299.99 on the XBOX 360 20GB Gaming System!
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Also you get a 25 dollar gift card with the purchase at Target.