http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=ind_focus.story&STORY=/www/story/07-13-2008/0004847854&EDATE=SUN+Jul+13+2008,+03:01+AM

I don't think they are dropping the price of the Elite for now.

When the 60G will be introduced early August and it will sell for $349 - the same price as the 20G today.

We'lll wait and see how well it'll sell.

This way they'll quickly clear a few tens of thousands of stock, get a new model boost, and save the price cut for later in the year

then .. nothing changed ?

wow, great price! wonder if it would sell a lot.

Just a question. Is the 60 GB Jasper?

As I stated in a similar thread MS are clearing stock for new model rather than truly dropping price. Nothing wrong with that, Sony did something similar after all. But it confirms for me that neither MS nor Sony are keen to take a permanent big price drop at this moment in time, and both are clearly focused on profitability.

I also think its a tact acceptance that a price drop alone won't help MS compete with Nintendo right now.

Same strategy as Sony used - its smart, makes great marketing. Effectively a clearance sale, prior to bringing in a slightly updated model.

Also slightly harder for Sony to compete as the 60Gig 360 > 40Gig PS3 (until Sony pump up the hard disk size officially).

Yeah. at JB HIFI they sell for around 400.

We are still getting ripped off :P

k so its officially its no real price drop just clearing stock of old 20gbs and then move to new model.
good marketing startegy, the 60gb drives probably only cost a few dollars more so its no real difference for them and people still get more value.

somewhere i ehared that sony is negotiating with harddisk manufacorers too about bigger hds so i would expect them to bring bigger hds too when they bring out the next revamped model with the shrinked gfx chip and i guess also without a real pricedrop.

No, it doesn't as the PS3 still has wifi, free online play, and a Blu-Ray player.