It’s official, the leaked priced cuts are confirmed. Microsoft will be dropping the Xbox 360 price to $299 from $349 on all 20GB models, while supplies last. The clearance sale will help introduce a new 60GB SKU which will carry the $349 price tag. Available in early August, the new 60GB Xbox 360 will be sold in the U.S. and Canad. No price cuts have been announced for the Arcade and the Elite. Hopefully E3 brings us some more price cuts.
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