Xbox360 Price Drop *finally* official

For those of you still on the fence in the console/format/extender wars, Microsoft just made your choice a little easier (on your wallet, at least). 

Kotaku

The rampant speculation, the endless images of circulars, the bogs of "insider emails" are all correct: The Xbox 360 is getting a $50 price drop starting this Wednesday, Microsoft announced tonight. As of Wednesday the Elite will be $449, the Halo Limited Edition Xbox 360 (when it hits) will be $399, the standard will be $349 and the core will be $279.