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The just announced, but long rumored Xbox 360 Elite price cut has kicked into gear.  It is now available for $299.99 at most retailers!  In addition, Xbox 360 Pro (60GB) model is being offered at the $249.99 price until supplies last.

The Xbox 360 Elite and Pro models hasve been discounted for a few hours now, but have already rocketed to the top of the Amazon Movers & Shakers List.

Another big reason for the sales surge is that Amazon is offering a free 12 Month Gold card ($49.99 value) with the Xbox 360 Elite, and a free game with the Xbox 360 Pro model.  

They are limiting this promotion to 1 per customer, and it ends September 1, 2009.

http://gamerdeals.net/blogs/cheap-video-game-deals-news/archive/2009/08/28/xbox-360-console-tops-sales-chart.aspx