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A Circuit City ad, obtained by joystiq seems to confrim a price cut on all three Xbox 360 systems: Xbox 360 Elite, Xbox 360, and Xbox 360 Core.
The new prices will be $449 ($30 off), $349 ($50 off), and $279 ($20 off). They are expected to occur on or about August 12 and the $349 version will come with a free copy of Rockstar's Table Tennis (a very fun game).
This price cut is just in time for Madden '08 and will help sell systems in time for the September release of Halo 3.
