Looks like, as early as August, the XBOX 360 will drop $50 more to $350. As backed up by some leaked images:

Posts Tagged xbox
XBOX 360 price drop. again
Jul 30
Bloomberg catches a blurb from a Microsoft executive.
“We are well aware that the sweet spot of the market is really 199 bucks,” said David Hufford, a director of Xbox product management.
This would definitely make me buy one. I want a Wii as well, but man, there are some very good games for the XBOX360 platform. Everyone knows that they make all of their money off of the game sales anyways. While a price drop would make it take longer to accomplish breaking even per user, it would make the overall users explode in number.
Unfortunately Sony will never learn this lesson. They are far too proud and pompous of their visionary PS3. It is time for Microsoft to be smart and take the hit for the future of their console, as the Wii is leaving everyone in the dust.
Geomerics is a company dedicated to computer graphics and other algorithms. They have recently unveiled their Enlighten engine which coordinates several of their software/middleware advances to provide enhanced lighting in games. The foremost of these is their real-time radiosity, which serves to compute lighting, shadows, radiosity and others at run-time and on existing hardware.
According to their site, they use studies in geometric algebra ( a kind of multi-linear algebra) to come up with new and efficient algorithms to process real-time lighting and even physics calculations.
Recently, Geomerics announced that the Enlighten engine will be used to incorporate into games that are developed for the XBOX 360.
Here is a movie demonstrating some elements of Enlighten and what scenes look like without it:
XBOX 360 Free Xbox360
Jun 12
Yase, you heard correct, I forgot to post this up here, but since I got the free Ipod, I’m now embroiled in the other free sites.
Now, Gratis, the same people that sent me the free Ipod have another site where you and I can sign up for a free XBOX360 (XBOX 360).
http://www.Free360XBOX.com/?r=18462780
Sign up now and you can easily have one as soon as they come out, for free.