Xbox 360 Drops Price On Tuesday Morning

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With the announcement of the new Xbox 360, older models are dropping price by 50 bucks, according to an internal memo from major retailer Target.


The Xbox 360 Arcade is dropping from $199.99 to $149.99 at Target. The Elite will drop from $299.99 to $249.99.

The Modern Warfare 2 Limited Edition will drop from $399.99 to $349.99. The Final Fanttasy XIII and Splinter Cell Xbox 360 bundles will drop the same way.

Obviously these drops are being done to clear the way for the now-shipping new model of the Xbox 360, which will sell for $299. The new black 360 will sell at the price that used to reserved for the Elite. But the new model is superior to the Elite, sporting integrated WiFi and a 250GB harddrive, compared to the price-dropping Elite's 120GB drive. (For more on how the new console differs from the old ones check out Kotaku's New Xbox 360 Video Walkthrough.)

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Yeeeah this was also confirmed by MS people on Gametrailers just after the press conference.

Say what you will about their site, but those guys really have this whole E3 coverage thing under control, what with TV money backing them and all that.

I'm not sure the drop is worth it, though. I mean, the Slim has a 250 gig HD and Wi-fi N. Each of those features costs over a hundred bucks if you add them after the fact to a Phat. Not to mention the extra power brick if you ever want to upgrade to Kinect.

But hey, Arcade at 150. I bet a bunch of analysts are really happy right now. The financial guys have been complaining about how long it took this gen to get to that price point for ages now. I guess we'll see if it's still that relevant now.