Xbox Price Drop Today

Xbox 360 fans will be pleased to know that if their old unit is passed its used-by date, they can get a new console with $100 discount

With the new PS3 being cheaper than its predecessor and Nintendo possibly dropping the price of the Wii, Microsoft has announced a $100 off its Xbox 360 Elite so it is now $449.

Other consoles in the Xbox range are staying the same, so it does seem to be an attempt by Microsoft to beat Sony and Nintendo at the retail price point.

At the end of the day this is good news for gamers and it mean they can take the extra money and spend it on the games.