Here's the first big news to come out of E3 this year. The rumors have come true. Microsoft is indeed dropping the price of their 20 GB Pro version of the Xbox 360 to $299.99, a $50 savings.
However, there is a catch: this price drop is the exact same thing as the PS3 60 GB price drop of last year. It's merely a move to get rid of the 20 GB models so they can replace them with the more expensive 60 GB model. Yes, that's right, MS is introducing a FOURTH MODEL. That's right, Microsoft is going to be selling four editions of the 360 at once. This model, as stated, will have a 60 GB hard drive and will retail for the $349.99 (the current price of the 20 GB model). So once the 20 GB Pro model is gone, the price drop benefits won't be there...but at least you get 40 GB of additional hard drive space.
But what about the other 360 models? There will be no changes. Yup. Ol' Gimpy (aka: the Arcade) is still $279.99 and the Elite is still $449.99.
Keep it on RF Generation for all the latest from E3.