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There's been yet another update to this story by way of The Hollywood Reporter.  Looks like the price has once again been confirmed by an anonymous, but "major" retailer.

Quote:

Microsoft will cut the price of its most popular Xbox 360 model, the 20GB Pro, by $50 to $299 in the coming weeks, game industry sources have confirmed.

Microsoft would not comment, but a major retailer, which requested anonymity, said the price move will come before the major video game trade show, E3, which runs July 15-17 in Los Angeles.

Microsoft last cut the price of the Xbox 360 Pro — from $399 to $349 — in August, in many ways setting the stage for the huge successful rollout of "Halo 3" the following month.


Xbox 360 Price CutA few days ago, there were reports about an Xbox 360 price drop based upon a leaked K-Mart ad for the week of July 6th.  There was some doubt that this was just a promotion being run by K-Mart alone, and not an official price reduction.  Today however, the price reduction has been confirmed via a different weekly ad, this time RadioShack.  So, I think its safe to chalk this one up as an official price drop; especially considering Radio Shack is notorious for overprice products and a compelte lack of decent sales or promotions.

Via [ Joystiq ]

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