...plus, the mythical price drop on the other box was yet again shot down by the head man himself; all they're doing is a bundle similar to the Elite GOTY bundle.
MS *is* obviously looking to reposition their lineup since, as prices drop, the differential between models goes away and can only muddy the market. Realistically, with Arcade running $200 and an "Elite" at $299, there isn't much room for a Pro at $249.
At this point the only question is what will the $299 360 look like; white or black? Will it include the audio-out dongle or not? In other words, will it be a true Elite of just a 120Gb Pro?
September is not far away but the real fun starts next month; expect serious deals clearing out the older SKUs...