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BHR-3 said:
so its revealed that the xb1 1tb will be 400 and the 500gb is official at 350 my guess is that once the 500gb are phased out the 1tb will go to 350 around the holiday period

I don't think that will happen so soon. I think it's better for Microsoft to continue offering the two choices. At 350$ for the 500GB, it's not a bad deal, especially considering the console supports external HDDs.