<h1>Xbox 360 from $349 to $299</h1>

The best selling game console - Xbox 360 Pro model (20GB hard drive) is now set to cut the price from $349 to $299 ( Microsoft Corp.) this weekend before the video game industry's biggest trade show, E3, taking place next week in LA. A price cut has been widely reported by popular video game blogs and technology Web sites. Many posted snapshots of flyers from various retailers advertising the $299 price.

A cut to $299 makes the Xbox 360 Pro $100 less than Sony Corp's PS 3 with a 40 gigabyte hard drive. Microsoft is locked in a 3-way competition with Wii and the PS 3, which comes with a high-definition Blu-ray video player.
Slashes from Nintendo and Sony seem unlikely at the moment. As it is the $249 Wii is still in short supply at many retailers, and Sony plans to spin its video game business profitable this year, making a cut hard to swallow.

source:R