20GB for $299??!!

Microsoft said it's slashing the price of its 20-gigabyte Xbox 360 video game consoles in order to introduce a 60GB model as a replacement
The US technology giant's announcement comes two days before the official start of a major Electronic Entertainment Expo at which videogame console makers will be striving to portray their hardware as superior.

Microsoft said it will trim 50 bucks making the XBox 360 a $299 pickup. Watch out Wii. Lol.

The newly beefed-up Xbox 360 Pro model with 60 gigabytes of memory will hit markets in those same two countries in August with 349-dollar price tags according to the big M.