There is a rumor that is quickly starting to circulate revolving around the XBOX 360 Elite. As some of you might have heard it appears that the XBOX 360 Pro is headed for early retirement, but as a consolation prize to those who were looking in that price range the Elite is rumored to have a huge price cut. If sources are correct you could see the Elite sitting pretty at $299.99 by August 30th.
Now if this comes to pass I'm going to really have a hard time stopping myself from trading in my XBOX to get an Elite. Also if this is true this might be even more evidence that the PS3 Slim is indeed soon coming out and will finally give gamers the price cut they have been screaming for for a long time. I guess we'll see what happens at the end of the month.