xbox 360.jpgGizmodo received a tip a few days back that pointed to updated pricing for the Xbox 360. It appears that a $50 price drop down to $299 is on the way, and might be coming as soon as this Sunday. Accompanying the price drop signs is a memo stating that the enclosed materials are not to be displayed before July 13th… I guess Internet leaks are okay as long as no one physically puts out the signs. ;)

I do have to say that this is pretty competitive pricing coming from Microsoft. This will put the 40GB Playstation 3 $100 more than the Xbox 360, but the Wii is still $50 cheaper. Then again you do get a 20GB hard drive with this Xbox 360 which puts it between the PS3 and Wii.

What still amazes me is the incredible demand for the Wii. When that console makes its way into an advertisement the stores normally say something like a “minimum of 12″ will be available. You know you’re talking about a hot item when stores have to say the minimum amount that they’ll have.