Those Radio Shack ads - showing across-the-board 360 price cuts - have been circulating for a while now. Looked pretty good for those hoping for an official price cut, but they weren't proof. They might have just been Radio Shack deals, you know? Or...not! A new Kmart catalogue scan's turned up, and if legit, it shows the same low, low prices. [via QJ.net]
The rain check notation has an asterik in front of it. Whatever its pertaining to should have an asterik AFTER it. If you notice, non of the 360 SKU have one. So its likely that statement is referring to something else on the page.
I personally still see this price cut as being very, very big. Especially since Sony can and will do nothing comparable this year.
And, for the record, the PS3 cut to $399 last year basically saved the console, so don't say these holiday timed price cuts don't matter.