According to the Sydney Morning herald (todays technology section), there is a price cut going on down under

http://www.smh.com.au/news/technology/biztech/war-of-words-heats-up-as-xbox-price-slashed/2008/11/10/1226318602681.html

The article states that prices now stand at

Arcade 299

Pro 399

Elite 549

Wii 399

PS3 699

Although the article does then ruin its credibility with the line

"He questioned whether the ageing Xbox 360 would have the power to run games such as Metal Gear Solid 4, which is coming out on the PS3 next year."

MGS4 is ALREADY OUT!

Not to mention the first part of the statement

Yea, it's official;

http://www.gamespot.com/news/6200845.html

Way to use that quote out of context...

Very tempted to get one at those prices now, but I'm not particularly interested in the 360s bundled games for Xmas so I think I'll wait for something better next year.

SONY WE NEED A PRICE CUT.

I finally decided the price was right to pick up a 360. GAME has a deal which ends today which gets the 60GB 360 Pack (with the 2 games) + GOW2 or Fable 2 for $399. Since EB was closer for me I went there and they matched it.