Looks like a real price cut is coming for the entire Xbox 360 console hardware lineup if the rumors are true. The new pricing is rumored to take affect in early September as follows:
Arcade (no hard drive) to $199
Pro (60GB) to $299
Elite (120GB) to $399
This is a Microsoft rumor and since Microsoft rumors tend to be legitimate leaks: I’m a believer. Plus, ArsTechnica has a proven track record for this kind of thing. (They predicted the 40 GB PS3 and the upcoming 60 GB Xbox 360).
I guess I’m waiting for this price drop before replacing my current Xbox 360 with the 60 GB variant. I’m also hoping the new 60 GB models will be confirmed Jasper models by that time as well.