OFFICIAL: Price drop on all Xbox 360 consoles

Well, Microsoft’s worst-kept secret was finally officially confirmed last night.  Starting tomorrow, August 8, all Xbox 360 consoles will drop by $50, with the exception of the Core unit.

Xbox 360 Elite  is now $449.99.

Xbox 360 System is now $349.99 .

Xbox 360 Core is now $279.00.

Also included in the announcement is that the Halo 3 Special Edition Console will be available for $399 coming this September.

There are a metric ton of incredible looking games coming to the 360 before Christmas, like Guitar Hero 3, Rock Band, Halo 3, BioShock, PGR4, and my most anticipated, Mass Effect.  If you’ve been holding out to buy one, now’s the time.

Now, why this wasn’t announced that the biggest gaming convention in the world last month, I’ll never understand.  But it puts the most expensive 360 $50 cheaper than the cheapest PS3, and $150 below the most expensive PS3.

Don’t believe me?  Here’s a press release.