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According to a leaked flyer for electronics chain Circuit City, the rumored $50 price cut for the Xbox 360 will begin on August 12th. The flyer shows the premium Xbox 360 price as $350 USD, the Elite selling for $450 USD, and the Core model receiving a $20 price cut and going on sale for $280 USD.
This price cut is becoming effective in time to push sales of Microsoft’s two big August exclusives, Blue Dragon and Bioshock.
More on this as it develops.