Xbox 360 Price Cuts Officially Arrive Sept. 5, Now Cheaper Than a WiiThe across-the-board Xbox 360 price cuts rumored since last month just got official from Microsoft. The standard and Elite get a solid $50 drop, while the Arcade plummets a whole $80, making the 360 officially cheaper than a Wii. The new pricing scheme is: • Xbox 360 Arcade - $199 • Xbox 360 - $299 • Xbox 360 Elite - $399 Still, Elite all the way, baby. [Kotaku]