Rumour: Microsoft Preempt PS3 Price Cut

Whilst Sony is still to confirm a price cut for the PS3 either way, it seems Microsoft are already one step ahead. The above shot from an apparent Meijer catalogue, said to be due on August 30th, appears to show the Xbox 360 Elite at just $299, bringing further weight to rumours that the Pro model is being phased out.  This will leave prospective Xbox buyers just two models – the super cheap Arcade model and the great value 120GB Elite.

Sony, your move.

Thanks, Erroneus, via Kotaku.

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