http://kotaku.com/397402/299-price-drop-xbox-360-is-refurbish-bwah

"Previously, we posted a Kmart ad indicating a price-drop in the Xbox 360 line-up. The ad, purported to hit July 6, shows that the model that comes equipped with a 20GB hard drive, formerly known as the 'Pro' version, will be priced at $299 US. That's a $50 price drop from its current MSRP. A Gamestop employee has tipped us with what looks like further confirmation that the lower priced Xbox 360 is hitting. Pictured is the $299.99 Xbox 360 SKU in the Gamestop inventory screen. While the tipster isn't sure what the bundle contains, we imagine it will be everything that's in the "Pro" version. Here's the kicker: Apparently, this cheaper Xbox 360 is a refurbished console as the product description reads:

Microsoft Xbox 360 Pro, Refurb 299.99

now i wonder if this is true or not

LOL if it's true. i wonder how long it will last and how long the X360 warranty will covered?

Oh well...But we all know Microsoft will be announcing a price drop on its SKU's pretty soon.

^it should if it wants to make it sell it better

I think Microsoft wants to squeeze some more sales out of the existing price points and then they will stride for the mass market prices soon.

Lol MS needed to sell those hundreds of thousands of consoles that RROD somehow to get their 1 billion back.

MS counts refurbed units into their shipment figures confirmed?

 if this is true then yeah

Yeah...I get the feeling that any 360 I buy will be a refurbished one.

I believe it is fake and has been photo shopped.

 we dont know if this is true,but otherwise why would kotaku post it?