360 price cut finally official

[shams]

sieanr said:

Microsoft Lowers Price of Xbox 360 by $50

Price drop coincides with release of "Madden NFL 08" on Xbox 360, one of many titles that make up the greatest holiday lineup in video game history.

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"The fact that we have been able to keep our launch price longer than any other console while retaining our leadership position demonstrates that consumers believe in the value of Xbox 360," said Mitch Koch, corporate vice president, Global Retail Sales and Marketing Group, Entertainment and Devices Division at Microsoft.. "On the eve of the best holiday games lineup ever and the launch of 'Madden NFL 08,' there has never been a better time to jump into Xbox 360."

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Yeah, nice work MS.

Its easy to be the "leader" when you are the only next-gen console on the market.

Ironically, you won't be the leader (WW) for much longer - and will lose the position by the time Halo launches...

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Going to be really interesting to see how this impacts sales. Its just not that much of a price cut - and the 360 is lagging bigtime now...