Xbox Price Cuts Confirmed
Kotaku notes that the suspected price cuts to the various Xbox 360 systems have been confirmed. Xbox Live's Major Nelson posted the new prices ($199 for the Arcade, $299 for the Pro, and $399 for the Elite) and pointed out a BusinessWeek story discussing the changes. The price cuts will take effect on September 5th.
I'm told the cheapest model lacks a power cable, which you need to go out and buy separately. Pretty cruel. If so, you won't be bringing that home and playing it right away... .