Microsoft rumored to cut Xbox 360 price by US$100
 

Microsoft is planning to cut the retail price of its Xbox 360 Pro System from US$399 currently to US$299 in an attempt to compete with the PlayStation 3 (PS3), which will be launched by Sony in November of this year, according to Taiwan-based OEM component makers.

http://www.digitimes.com/systems/a20060726A1001.html