Hot on the heels of the last Xbox 360 price drop is the rumor of yet another drop in the near future, this time on the Arcade, Elite and 60GB Pro SKUs to coincide with the previously dropped 20GB Pro bundle.

Kmart was the leak-culprit on the previous price drop, only to outdo themselves with the accidental slip of their September 7th ad showcasing the three new 360 prices: $199.99 for the Arcade, $299 for the 60GB Pro, and $399.99 for the Elite.

As a person who has yet to make the plunge on a 360, I like where these price drops are headed. With the Wii still selling like gangbusters and the announcement of the new PS3 SKUs last week, this holiday season is gearing up to be fantastic, not to mention all the exciting games being released. Oh Fall, why must you ruin my bank account?

Source: Joystiq, Crunchgear

New Sku! New Sku! Another one to add to your collection.  This time it’s a 60GB Xbox 360 to mirror Sony’s black monolith.  Oh and we hate to say “I told you so,” but the 20GB model will also be receiving a price cut. Read more…

Anyone within the gaming community knows Microsoft is awful at keeping secrets. With recent rumors spreading like wild fire over the 360’s alleged price drop, I decided to do some further research to prove these rumors factual.

I asked around, and eventually, an anonymous little birdie at Game Crazy’s corporate office informed me that a price drop for Microsoft’s system is indeed coming. My next goal was to now find out when this magnificent event would take place. Read more…

With just a few short weeks until E3 ’08, it looks like Microsoft has another trick up its sleeve.  Spurred from a few snapped photos of a K-Mart add for July 6th, it would appear that Microsoft is planning on dropping the Xbox 360 Pro Bundle from $349.99 to $299.99. Read more…

We reviewed L.A.I.R (that’s how the name looks on the box, though I don’t think the initials stand for anything) and like many others we weren’t overly impressed. Then again we might be tempted if it wasn’t full price, so hey, perhaps this is good news! Read more…

In an article on the hollywoodreporter.com, an industry source says Sony is set to release the 40-gigabyte Playstation 3 to compete with other consoles for the Christmas season.

“We’re hearing Nov. 2 (for the U.S.),” said one industry source.

It looks like this is the same 40-gigabyte model that will be released in Europe this week.

The 40-gigabyte Playstation 3 model will not have backwards compatibility with Playstation 2 games, only two USB 2.0 ports and no multi memory card port.

According to the Hollywoodreport.com article, the 40-gigabyte Playstation 3 will be priced at $399.

A little over a week ago Sony reported sales numbers for its slow-out-of-the-gate PlayStation 3, pegging units sold in the three months to June at 710,000. This is compared to the unexpected success of the Wii–still tough to find on store shelves–which sold 3.43 million units in the same period.

Sony tried to look at the glass as half full, noting that they sell each PS3 at a loss so the low sales numbers actually worked out to mean less money lost than they had expected. Read more…

When I was a kid I used to want to go places that my mom did not want to take me like Toys”R”Us, Disney World, and Sega’s corporate headquarters, so in order to shut me up she would say “ok tomorrow”. Did she really mean tomorrow? Nope. Well it appears that mothers are not exclusive to this group of master word manipulators. Read more…

Price drop? Typo? Or complete BS? Another story about a PS3 price drop (please note this is completely unconfirmed) and none of us here are buying it.

Now while we do not believe the information to be true, we do feel compelled to report it to you as a rumor and hope that you form your own conclusions based on the information at hand. Read more…

Not willing to dish out $600 dollars for a Sony Playstation 3? Well you aren’t the minority on this one. Apparently the insanity that is the PS3 price point is about to calm down a bit.

Sony Corp., was quoted in the Financial Times saying that they are looking to “refine” the PS3’s price. Read more…

In terms of the next-gen console race, the PlayStation 3 finished last month in last place. Rumors are circulating that Sony will drop the price of the Blu-ray capable PS3 by $100, however Bank of America analyst Mike Savner has been quoted saying that he believes it may not be enough.

A drop in price by $100 still has the PS3 on top as the most expensive console of this generation, and one can not rule out a drop in the price by Microsoft on the Xbox 360 which first hit store shelves back in November of 2005. Read more…