As some of you may have noticed in the Sunday Ads, the Xbox 360 has dropped in price. The News came only hours after Sony announced it’s new, 120 GB, PS3 Slim.  The Xbox 360 Elite is now $299, the Xbox 360 Pro is now $250, and the Xbox 360 Arcade version is $199.

The Price drops are most likely to help get a jump on holiday sales. Gamers can look forward to this holiday season with upcoming games, including the new and innovative Project Natal.

Will you be buying a new Xbox 360 for someone this December? Or maybe that PS3 slim looks better? Let us know by leaving a comment below!