On September 5th, Crazy Bill’s is Officially Slashing Prices on Xbox 360’s

Rumors, rumors, rumors. For so long, there have been rumors of the Xbox 360 getting a price cut. Why, we’re even running a poll about that very thing, and how it could affect the Wii’s price.

Well, friends… it is a rumor no more.

Microsoft has made it official: the Xbox 360 is officially going to drop to as low as $199 starting Friday, September 5 in the U.S. The three currently offered SKUs will get a price drop in North America, following multiple retail leaks and a similar pricing adjustment for the Japanese market. The new MSRP for the current line up is as follows.

* Xbox 360 Arcade – $199
* Xbox 360 – $299
* Xbox 360 Elite – $399

Yes, that makes the Xbox 360 officially the least expensive current generation console following an $80 price cut on the Arcade model. — Kotaku

How about that? The Wii’s no longer the cheapest date you can buy.

Now that it’s official, are you going to buy one? Or, as may be the case, get a replacement?