It looks like the cuts made in the Japanese market have made their way across the Pacific as Major Nelson announced
today that the price of Xbox 360's in the US are going down. Here's the new pricing:
Xbox 360 Arcade $199
Xbox 360 $299
Xbox 360 Elite $399
While I still wish the Arcade SKU would die a slow horrible death it does position Microsoft nicely with the Wii heading into the holiday season. I still think we've got some time before Sony makes their move (probably around TGS). It will interesting to see how much of a bump this gives the 360 when the NPD numbers hit next month.