
There are a couple of pictures floating around the Internet that, if genuine, indicate a tiny little price drop coming for the 360. This thread over at Cheapassgamer has pictures of Wal-Mart and Toys R Us ads, both of which advertise 360s for $349--a $50 reduction.
You know, even if it's true, it's still kind of a "so what?" Fifty bucks is fifty bucks, to be sure, but as price cuts go, it's a bit anticlimactic.
Xbox 360 $50 Price Cut [Cheapassgamer]