Microsoft Drops Xbox 360 Pricing
Kawahee was one of several readers to tip news of a price cut for the Xbox 360. This comes after Sony dropped PS3 prices and unveiled the Slim model last week. The 360 Elite will now retail for $299, but will no longer ship with HD cables. The 360 Pro has been reduced to $249, but Microsoft is phasing it out. Analysts don't expect this new price point to be a huge boon for sales because the Elite doesn't match the PS3's hardware capabilities and is still more expensive than the Wii. Microsoft has "no plans" for a smaller version of the 360.
Xbox 360 doesn't transmit the audio over HDMI and the standard component/optical adapter that comes with it does not leave enough room for you to have both cables plugged in at the same time. It's not a hardware limitation, but rather a physical one. I guess you could hack up the standard cable to make room for the HDMI though...