Rumor: Xbox360 Price Drop to F^C% Sony

[Crash]

http://www.next-gen.biz/index.php?op...=6299&Itemid=2

He said that the price cut will affect all three Xbox 360 models. The $299 Core pack will drop to $249; the $399 Premium pack will drop to $349; and the recently released $479 Elite model will drop to $399.

Such a price cut would be a likely move for Microsoft following the PS3 pricing announcement today. Sony dropped the price of the 60GB PS3 from $599 to $499 and announced an 80GB PS3 with MotorStorm bundled for $599. The price drop appears to be in response to lower-than-expected sales of the console.

The drop in PS3 price puts the standard 60-gigger precariously close in price to the top-end Xbox 360 Elite, which is currently priced at $479.

[Bond]

Microsoft could easily drop that kind of money off, they've already been making money on each 360 sold since November 2006.

[GameMaster]

I think this move is more a gesture of good faith following the extension of their warranty policy in response to all the 'Red Rings of Death'.