Well it looks like Radioshack might have also confirmed the price cut:
http://kotaku.com/5040101/radio-shack-confirms-360-price-cuts
Way back on Aug. 1 we posted on the rumor that the Xbox 360 was getting across-the-board price cuts, knocking the hard-drive-less Arcade down to $199, the 60GB Pro to $299 and the 120GB Elite to $399.
Reader Patrick sent in these pictures this morning of the Radio Shack circular for the week starting Sept. 7 which appears to verify at least two of those prices: The Elite for $400 and the Arcade for $200.
Hit the jump for the close-ups.
starcraft: "I and every PS3 fanboy alive are waiting for Versus more than FFXIII.
Me since the games were revealed, the fanboys since E3."
Skeeuk: "playstation 3 is the ultimate in gaming acceleration"