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Train wreck said:

It would devalue the xbox 360 as it just had a series of price reductions. You need to space price cuts or you will start alienating customers who just purchased your product

Meh, not really.  Especially when the last price cuts were a year ago.  Shifting the Elite to the "Pro" price is nothing more than upgrading the pro at the same price point.  It was just easier this way and the Elite nominclature will help people think it is more valuable since the Elite was always the best SKU.

But we'll see.