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Yes, we know -- another console price drop story. Our contempt rivals your own, we assure you. However, this time around, the report comes from a source that's proven to be eerily accurate on hardware announcements in the past -- Ars Technica's unnamed "mole," a prophetic figure who managed to predict the capabilities of the PSP Go, the release of the red Resident Evil 5 Xbox 360 bundle and, most notably, last fall's universal 360 price cut.

On the Sony front, the mole is claiming that the 80GB PS3 will become scarce over the next two months, being mostly replaced by the 160GB model. As the larger model continues to sell into the fall, Sony will supposedly simultaneously announce the oft-rumored PS3 Slim and the even more oft-rumored price cut. The mole was unable to discern the exact amount that would be shaved off the price of the console, but was confident it would provide Sony with a much-needed sales boost.

For Microsoft, the mole expects the Pro system to be ushered off store shelves with the help of a few attractive Pro bundles which will crop up over the next few months. The Pro will be replaced by the 120GB Elite, which will supposedly undergo a price cut in September, followed by the release of its own bundles in October. With downloadable titles becoming a focus for both companies, turning the spotlight on consoles with larger hard drives makes sense -- but only time will tell if the Ars mole's sterling predictive reputation will persevere.

Because Halo Wars is in dire need of more promotion and marketing (not really), Microsoft will be releasing a special edition Xbox 360 console dubbed the "Best of Halo edition". Swedish retailer Webhallen has the listing, mentioning the bundle will ship February 27th and will include all the standard 360 Pro amenities (60GB HDD, wireless controller, headset, cables, etc.) with the addition of both Halo 3 and Halo Wars. And for 2795 kr or about $350 USD, it's actually a decent deal.

As far as we know, Europe will be the only market this Best of Halo Xbox 360 will see a release in. But that doesn't mean Stateside fanboys can't keep their fingers crossed and continue to pray to the prophets above.

[Via Teamxbox]

• Xbox 360 Arcade - Coupon code: 6VKNSMJK0PD7L8
  
• Xbox 360 Pro - Coupon code: M69N0GW8WF$71V
  
• Xbox 360 Elite - Coupon code: 7H7JHWM8?HQTBR

[Via Engadget, Thanks to everyone who sent this in]

The $199 Xbox 360 Arcade holiday bundle comes with SEGA Superstars Tennis and both the $299 Xbox 360 Pro and $399 Xbox 360 Elite consoles come bundled with LEGO Indiana Jones and Kung Fu Panda this holiday season. Also, after sniffing through press materials, we spotted holiday box stickers and they mention a free Netflix trial. You know, because Netflix is doing that whole 360 streaming thing.

We've been informed that the Xbox 360 Arcade model will come packaged with SEGA Superstar Tennis and both the Pro and Elite models will come bundled with Kung Fu Panda and LEGO Indiana Jones. Sadly, we don't have any picture proof of the new bundles or a solid release date, but we'll keep digging to see whether or not the holiday game bundling is legit. For now, we advise being optimistically skeptical.

[Thanks, Travisto]

Through October 6th, Dell.com is offering a $50 discount on both Pro and Elite Xbox 360 consoles AND they're including free shipping too. To partake in the purchasing process of buying $249 Pros or $349 Elites, simply click on over to Dell.com and, at the end of checkout, use the promo codes listed below.

• Xbox 360 Pro 60GB - Promo code: 7V2DJL$PD6NGWZ
  
• Xbox 360 Elite 120GB - Promo code: NP?CKPRH$KTWLL
  

[Via 360-Deals, Thanks Fargo]

Well as E3 approaches, it looks Microsoft just can't keep a lid on their announcements. The lowered price on the 20GB unit has been rumored for a while now, and the idea has even been bandied about that its purpose was to clear the shelves to make room for a 60GB unit. While this of course is still waiting on some sort of official word (likely coming around or at MS's E3 press conference), a leaked email supposedly sent out to GameStop and Blockbuster company buyers seems to confirm both the new 60GB SKU as well as a "Live Starter Pack" for Arcade owners, which consists of a 60GB HDD, 3 Months of Live, a Headset, and an ethernet cable, all for $99.99.

Additionally, the email states the 20GB HDD is being phased out altogether and that the 120GB stand alone drive will receive a price cut to $149.99 (HA!). Word is that the 60GB Pro Unit will hit before the month is out and the Live Starter Pack will hit late October or early November. Whether or not the new 60GB SKU will be subject to the new price drop is unknown, but doubtful. Likely the 20GBs at $299.99 are a fire sale, and the 60GBs will still be $349.99.

The full text of the email can be found after the break.

Today, the Australian arm of Microsoft's Xbox 360 division announced pretty competitive Xbox 360 price cuts across the board. The price cuts affect not only the Pro console, but also the Arcade and Elite dropping the Xbox 360 Arcade to AU$349 (from AU$399), the Pro to AU$499 (from AU$579) and the Elite to AU$649 (from AU$729). This price cut move makes all versions of the Xbox 360 cheaper than the PS3 in the region and the Arcade console actually undercuts the Wii which is priced at AU$399. Nice!

These Australian price cuts obviously beg the question of whether or not we'll see a global Xbox 360 hardware price cut in time for E3. And even though Microsoft's Australian team refuses to acknowledge any other territory price cuts, we have even more faith in the leaked fliers. Global hardware price cuts incoming, keep your eyes peeled.

With rumors of European Xbox 360 price cuts flying around, we have yet another 360 hardware rumor making the internet rounds and it targets the 360's hard drive.

According to TrustedReviews and their "rock solid source", they're claiming that Microsoft has plans to replace the Xbox 360 Pros' current 20GB HDD with a larger 60GB drive by this June. A move that isn't all that far fetched seeing that they probably want to to help accommodate all that HD content they want you to purchase off the Marketplace. TrustedReviews ratchets up the rumor mill even further by saying that their insider told them that Microsoft is bouncing around the idea of adding yet another SKU to the 360 lineup. A new console that would reap the fruits of the rumored Sony / Microsoft negotiations and feature a Blu-ray drive. So, is anyone willing to take a stab at what the rumored 60GB HDD or Blu-ray equipped models would be called? We'll be trail-blazers and go with "Xbox 360 Six Pack" for the 60GB model and "Xbox 360 HD DVD Died So Blu-ray It Is" for the Blu-ray version.

[Via Engadget]

Crazy, the FutureShop employee was actually telling us the truth as late last night, Microsoft announced that all of the Great White North (that's Canada) will see Xbox 360 price cuts effective immediately. The new console pricing will be dollar for dollar equal to the 360's price in the United States, with the Xbox 360 Pro dropping from $399 to $349, the Elite going from $499 to $449 and the Arcade sinking from $299 to $279. So, if you're Canadian and need another 360 or know someone who does, then jump in. There's no better time then now ... price cuts FTW!

What was just a rumor as recently as this morning has apparently already become reality -- the Canadian Toys R Us web site is showing $50 reductions in price for the Xbox 360 Pro (now $349.99) and Halo Edition - (now $399.99). An informant at a Canadian Toys R Us has also told us that the Xbox 360 Arcade has been reduced $20 (to $279.99) and the Elite has come down $50 (to $449.99 -- all prices are in Canadian dollars, eh?)

Ironically enough, FutureShop, where this morning's rumor first originated, has not lowered their web site prices as of press time. Perhaps they're waiting until Friday to unleash that Turok Elite bundle on an unsuspecting public?

Does this surprise move mean an American price drop is in the cards? Probably not -- much like the previous Microsoft Canada price drop, the adjustment seems designed to bring prices up North in line with the weakening American dollar.

Update: Apologies for the inadvertent act of bad foreign relations. No offense was meant, Canada. Are we still cool?

[Thanks Stephen]

Update 8:15 PM EST: Toys R Us Canada has apparently lowered their prices already.

Thanks to an anonymous tipster, we have early word on what might be an upcoming price drop for the Canadian Xbox 360. The above phonecam photo comes from a FutureShop Canada employee, who says he was "quite surprised" to find a $50 price drop for the Xbox 360 Pro Console advertised right on the front page of next week's advertising fliers. Our source also tells us that the inside of the flier trumpets a $50 price drop for the XBox 360 Elite (to $449), an offer which allegedly includes a free copy of Turok.

Both price drops should be effective Friday, if this rumor proves true, and while we have no way of confirming this information as of yet, we have no explicit reason to doubt it either. Regardless, if you're a Canadian looking to buy an Xbox 360, it couldn't hurt to wait a couple of days to see if you can save a bit of green, er, funny multicolored money.

If you're new to the Xbox 360 world, have been lurking here at X3F without actually owning a console and have finally summoned up the courage to "jump in" and purchase a new Xbox 360 then we say ... congrats! The Xbox 360 is one sexy gaming machine and you won't regret your decision to own one.

But you've also come to realize that purchasing an Xbox 360 isn't as simple as picking up a box and calling it a day. There are numerous versions of the 360 (Core, Arcade, Pro, H3, Elite, etc.) and keeping up to date on what's included in each box can make your brain turn to mush. And that's where our friends over at Joystiq come in with their guide to explaining the Xbox 360 SKUs. In their article they lay out all the details, break down each model, give you the prices and tell you what's in the box all on one handy little chart. Their article will not only help you decide on which Xbox 360 console is right for you, but it will also make you informed enough to be able to correct those somewhat delusional sales people who get their 360 facts messed up sometimes.