By: Albert S

It’s official, folks. Microsoft drops the prices of their console packages, effective September 5th. The Xbox 360 Arcade drops by a whopping $80 to $199.99 while the standard and elite drop by $50 to $299.99 and $399.99, respectively. It will be interesting to see how the competition responds now that the 360 is the cheapest and fairest of them all.

Click here to compare the different packages.

Read the official announcement here.