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According to Yahoo!, Microsoft has planned to cut the XBOX 360 price to $299.00.  An announcement is apparently planned before this year’s E3 convention. 

This would be for the 20 Gig model.  Of course, Microsoft is officially saying that they have no intentions of cutting prices.  Which of course means they definitely will.  You have to read between the lines with these guys.  I can only point to HDMI as a recent example.  Remember how long they said “You don’t need HDMI to play in High Def”?  Then, blam!  Out comes an HDMI equipped model. 

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