360 price cuts confirmed, this time by MS

Take that Nintendo - looks like you’re not the only console under $299.99 anymore.
After lots of speculation, magazine ad cut outs and, really, common sense, it seems the Xbox 360 pro bundle will be seeing a $50.00 price cut - effective immediately. This cuts the 20gb console to a reasonable $299.99, which makes it just a bit more than a Nintendo Wii and, still, much more affordable than a PS3.
The reason for the price cut? Microsoft is looking to introduce a new 60gb model sometime in August, which will retail for $349.99.
This move further ensures Microsoft is not looking to jump ship on the 360 anytime soon. With the new model coming out, which includes the Jasper chipset, and the Opus and Valhalla sets due out eventually, it seems MS is ready to stand behind the 360 for at least a little while longer. How long is anyone’s guess, though. Remember, the 360 released a full year ahead of the Wii and PS3 so it really is all guess work as to when Microsoft is going to come out with its third console.
For now, however, this price cut places the 360 in Wii-price territory and owners looking to delve into the console wars should seriously consider picking one up. But, to each his own.
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