According to 'The Bitbag', the 360 premium is going to get a $50 price drop on the day GTA IV releases.
http://www.thebitbag.com/2008/01/21/rumors-microsoft-dropping-360-premium-to-299-for-gtaiv-launch/

According to 'The Bitbag', the 360 premium is going to get a $50 price drop on the day GTA IV releases.
http://www.thebitbag.com/2008/01/21/rumors-microsoft-dropping-360-premium-to-299-for-gtaiv-launch/

If they're right, it wouldn't be enough to dominate the game like they want to.
How much is it at the moment, $350?
I can't say I am surprised. Sony have to do something about this. If MGS4 releases in May, they are going to have to start hyping it up big time before GTA4 releases, so people buy a PS3 instead of 360.
Is GTA4 still got a release date of 4th of April.

No surprise if true. Me and a lot of other people have predicted this for a long time. $50 cut makes sense. They won't price their Premium unit less than a Wii, it'd give the impression that it's not worth as much.
It's not enough. It won't put them over Sony (for the long-term, at least), and if Sony counters with a $100 cut this year then the 360 if going to be beat solidly.
You do not have the right to never be offended.
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