We've already seen Walmart's $300 Xbox 360 Elite. But according to what looks to be a leaked Target ad that will hit distribution this Sunday (the 30th), a $250 Xbox Pro will be joining the system. UPDATE, Best Buy too!
It's all been rumored for a while, but seeing those numbers captured with some sort of sub-cellphone-quality camera really makes the price reduction hit home. (Plus, the extra controller Target's offering is a pretty tempting cherry on top.)
This is happening, folks. And the feeling is more intense than I'd ever imagined. [Engadget]
UPDATE: Kotaku has just published a similar ad from Best Buy. At this point, we don't even need Microsoft to confirm. I mean, they can or whatever. But we already know what's up.