After weeks of speculation through various retailers, Microsoft has made the 360 price drop official. The 20GB model will be phased out, and will retail for $299 until the systems sell out. The replacement console at the $349 price point will be a new 60GB model.
The other two 360 pieces, the 120GB Elite and HDD-less Arcade system will remain at their current prices, $449 and $280 respectively.
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