60GB Xbox 360 announced. OMG!

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Well look at that, Internet rumors of an Xbox 360 price cut have been circulating for quite some time and Target went ahead and made it official from a retailing standpoint earlier today. The new Xbox 360 60GB model will retail for $349, which the “old” SKU Pro previously sold for. The Elite model, which comes with a 120 GB hard drive, remains at $449, and the Arcade SKU, which has no hard drive, is still $279. I hoped for an overall price increase with additional storage but that just proves that you dont always get what you want.

“We know consumers need more and more space to store the amazing digital content Xbox 360 offers, and we’re giving it to them at no extra charge,” said Albert Penello, Xbox director of product management at Microsoft. “No one device offers the depth and breadth of entertainment that Xbox 360 can deliver, and now you’ll have three times the storage to manage all that great content.”

The new 60 GB model will be available in early August, Microsoft said, and the discounted Pro will only be available “while supplies last.”

Images via Gamespress.com. Copyright 2008 Microsoft.

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