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350w ago - It appears that two of the Xbox 360 SKUs will receive a $50 price drop by the week of Sept. 7, making the 60GB model $299, the Elite $399, and the Arcade will drop $80 to $199.

A few of our retail contacts, some of whom have given Joystiq good intel in the past -- and who all work for separate corporations -- have sent us identical information regarding a price drop.

Evidence of the Elite and Arcade price cut can be found in the picture below featuring an image from the Sept. 7 Radio Shack flyer.

360 price cut week of Sept. 7; 60GB $299, Elite $399, Arcade $199

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