Xbox 360 Getting $199 Price Cut September 7th
Other price cuts are said to be coming as well, such as the Pro down to $299 and the Elite down to $399.
The price cut takes place a week after Infinite Undiscovery is released and two weeks before Rock Band 2 releases, both exclusive to the Xbox 360. This could mean some high profits for Microsoft.
[Proof of the $199 Xbox 360 Rumor]