Edit:

Sorry, Lock Thread...TheSource already has posted by first hand experience!!! That's way better than my damn article. Note, I didn't see it because I was posting in the MS forum and TheSource posted it in the Sales forum.

Well, that answers that, not that anyone actually doubted. The 360 price drop is official. I think this will really help its sales. That $300 barrier is broken...the arcade doesn't count since most saw it as a "gimped" unit. Apparently Target has jumped the gun. But it's in store only at this point...the website is still $349.

http://www.engadget.com/2008/07/11/xbox-360-pro-hits-299-in-target-stores/

Xbox 360 Pro hits $299 in Target stores

by Darren Murph, posted Jul 11th 2008 at 5:26PM

We're not exactly sure what kind of behind-the-scenes relationship Target has with Microsoft, but this marks the third time by our count in which it has revealed something pretty important about the Xbox 360 before Redmond told anyone else (on the record, that is). Whatever the case, the Xbox 360 Pro is being let go at Target's brick-and-mortar locations (read: not online, so you'll actually have to slip some shorts on and leave the basement) for $299.99. Guess that confirms the US price drop, huh?

[Thanks, Ryan]

Interesting how much MS loses after this price cut.

Slime - $0 because they make money on each console sold.

Lets hope it boost sales :).

Aww I thought I was gonne bt he first to post this.:P
I'll probably buy it...Im getting the PS3 before this though.

SO when are they going to announce the sixty gig at 350, since obviously the elite and arcade didn't get price drops also.