Microsoft announced officially that they will be dropping their price on the Xbox 360 gaming console.  In fact, all three versions will recieve a price cut. The elite will be 449, the 360 will be 349, and the 360 Core will be 279.

Microsoft feels that leading the console market in sales while maintaining their initial price says alot about their product. They also feel that with the Launch of the latest Madden game their numbers will hit record peaks.