There appears to be an agenda at work here because what people mean is really obvious and easy to follow.
MS has consolidated the top two XBox models into one new model with different features then either previous model. MS has chosen to retain the brand of the high end model by using the color and name but the new Elite and the old Elite are not the same product from a feature perspective (HDMI and component cables are gone). In addition the $299 Pro model included component cables but the $299 Elite only comes with composite so you actually traded 60GB HD for component cables at the same price point, for many this is actually a loss of features for the same price.
So to make it simple for you, anyone that says "The Elite did not get a price cut" means that the $299 Elite is not the same product features wise as the $399 was. Anyone that says "The Elite had a price cut" is saying that the model branded Elite is now priced $100 less then it was.
Both points of view are valid and the distinction is purely in marketing.
Does this remind anyone of the endless debates around the various PS3 model changes?
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