Rumor: Microsoft Cutting Price of Xbox 360 Elite in August

[xxrepoxx]

Saw this on planetxbox360.com, thought you guys should know, it looks legit, and hopefully it will save some of you some money if you are buying an elite soon.

Rumors are coming about that Microsoft intends to phase out the Xbox 360's $299 Pro model and lower the price of the now-$399 Elite unit, which packs a much larger hard drive. Rumors picked up steam last week when Kotaku received photographs from GameStop employees of new Xbox 360 Arcade boxes listing the 120GB-packing Elite model and drive-less Arcade as the only available flavors of Xbox, with no Pro in sight.

Today Kotaku has a real-looking picture (viewable below) of a "Meijer" catalog due out August 30th, 2009 - showing the Xbox 360 Elite model with a "New Lower Price" of $299.99, which is the 60GB Pro's current price.

Rumors of price cuts emerged from the reliable Ars Technica mole earlier this year, with the source also claiming that Sony would drop the PlayStation 3 price and introduce the heavily rumored PS3 Slim model. While the site had no timeframe for said events, rumors indicate they may happen during GamesCom taking place next week.

hope this turns out to be true guys.

[sadalius]

From what I heard, the pro model will be no more. I saw a photo of a meijer catalog that is due out on aug 30th with the elite listed for $299.