Microsoft is going to reduce the price of the Xbox 360 Pro model (20GB hard drive) from $349 to $299. The last price dropped was in August, a dropped from $399 to $349, for the release of Halo 3 in September. The latest slashed to $299 is making the console $100 cheaper than 40GB Sony PlayStation. Come on, slash more, lol.

“They plan to bring on the change before the E3 trade show but a company spokeswoman said Microsoft has nothing to announce at this time.”

[via New Launches]