While were still waiting for Microsoft to deliver official price cuts to the Xbox 360 Elite and Arcade systems, yet another leaked flyer hit the net over the weekend adding fuel to the long standing rumor. This time it comes from the 500 pound gorilla in the space, Walmart, and clearly shows the Elite system discounted from $399 to $299. At this price point Microsoft will be ready to compete with Sony’s latest offering, the 120GB Slim PS3, so it’s not a question of if but when.
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