Let's not fool ourselves into thinking that the 360 has actually had a price drop. Prior to September 1st, the only difference between the Elite and Pro models is that the Elite has a bigger hard drive, an HDMI cable, and is colored black. However the upcoming "Elite" models have forgone the HDMI cable. The simple truth is that the upcoming Elite is just a Pro model colored black with a larger hard drive. Microsoft is phasing out the current Elite model and essentially relabeling the old Pro model as an Elite. There's been no price drop from Microsoft, just added value.
Nobody was fooled into thinking that Sony's move of turning 40GB PS3s into 80GB units with the exact same functionality aside from the hard drive was a price drop so let's not pretend otherwise with Microsoft.
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