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Figgycal said:

You're describing a Console and gift card bundle which isn't uncommon for stores to do. People prefer actual price cuts to bundles.

Also a price drop within a year? How about just a Kinect-less model?

Not really. MS shower, in fall of 2011 I think, that heavy bundling was atleast as effective as price cutting the console itself. The difference here would also be that you could get ANY game from MS, since their entire library is digital aswell.