Well its about time that someone understands we are in a resession. Its better to get a fast nickle then a slow dime right?

Microsoft cuts price of high-end XBOX 360 by $100

On Thursday, Microsoft confirmed weeks of speculation by formally announcing a $100 price drop of its Elite model XBOX 360 console, now set at the competitive $299 price point.

Microsoft slashes prices on their top machine.

"With the holiday season right around the corner, it's already time to start looking for entertainment and gifts that everyone will enjoy," said Shane Kim, corporate vice president of strategy and business development for the Interactive Entertainment Business at Microsoft Corp. "If you’re looking for deep experiences that don’t require deep pockets, now is the time to purchase an Xbox 360."