It's rumored that Microsoft will soon make an official announcement on an Xbox 360 price cut, following the “leak” of retail advertising indicating a $50 reduction.
The advertising - which you can see for yourself in not very clear scans here - apparently says that the price cut is due to occur as of August 12. The ads only detail the Premium 360 pack being reduced from $400 to $350.
We're waiting on Microsoft to confirm details.
July 31, 2007