We've already run price drop scans from Best Buy and Toys R Us, so this is just (extra) confirmation on the Xbox 360 price reduction. However, this ad tells us a bit more than we've heard before. The Premium will drop $50 to $350, with the Core going down $20 to $280 and the Elite dropping $30 to $450—starting August 12th. In other words, we'd recommend waiting a few days before going shopping for you shiny new 360.

Xbox 360 Price Drop...Confirmed [neogaf]