Microsoft Confirms Xbox 360 Gets Cheaper Friday!

So the rumors were true: This Friday, the Xbox 360 Elite will drop $100 to $300 (no HDMI cable included), and the mid-range 360 Pro will go down to $250 (from $300). The Pro will also be phased-out.

That leaves us with the $300 Elite (120GB) and the $200 Arcade (bundled with five games and 256MB memory).

Meannnwhile… Sony's new PS3 Slim is the same price as the Xbox Elite. And the 80GB and 160GB PS3s are now cut to $300 and $400, respectively.

Same prices, one has Blu-ray and Wi-Fi, one has Netflix exclusivity. You be the judge. [Kotaku]