Xbox 360 price cut

Been holding out on picking up an Xbox 360 until the price came down a little more? Well, now may be the time to pick one up!

Microsoft has announced that it is cutting the price of the Xbox 360 games console on Friday. Here are the new prices:

• Xbox 360 Elite: Down $100 to $299.99
• Xbox 360 Pro: Down $50 to $249.99
• Xbox 360 Arcade: Unchanged at $199.99

There's little doubt in my mind that htis price cut is in response to Sony's $100 price trim off the PlayStation 3 console earlier this month, bringing that down to $299.99.

That's the good news. The bad news is that the price cuts only apply to the US.