July 14th, 2008 at 11:23 am - by Fallback



The rumored Xbox 360 price cut has been confirmed by Microsoft. The Xbox 360 20GB will drop in price by about $50. A new Xbox 360 60GB model will soon be available at the $349 price point previously held by the 20GB model. Expect plenty more announcements from Microsoft today when their E3 press conference takes place in a few hours.

This is the new Xbox 360 console lineup with prices:

Xbox 360 Arcade: $279
Xbox 360 20GB: $299
Xbox 360 60GB: $349
Xbox 360 Elite 120GB: $449