After Sony Annouced their price drop, Microsoft responded. Elites will now cost $299, but without the HDMI cord. This will be in effect on the 28th of August. "On top of that, the Xbox 360 Pro console will now be priced at $249.99"
More here: http://www.xbox.com/en-US/press/2009/0827-pricedrop.htm
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