Redmond (WA) – Microsoft will reduce the price of all Xbox 360 variants by $50. The Halo 3 edition of the console will sell for $400.

Coinciding with the release of Madden NFL 08 on August 14, Microsoft will drop the price of its game console. The core system without a hard drive will be sold for a suggested retail price of $280, the mainstream version with a 20 GB hard drive, a wireless controller and a headset will be priced at $350 and the black Elite model with a 120 GB hard drive will carry a $450 price tag.

Microsoft also announced the price for Spartan green and gold Halo 3 Xbox 360, which will be available this September : Including a matching wireless controller, a 20 GB hard drive, a headset and a play and charge kit, the console will cost $400.