Target Ad Confirms Xbox 360 Elite Price Cuts

Might we see an Xbox price cut as early as Sunday week?

With the launch of the PS3 Slim and the new $299 price point, the folks at Sony have reduced the impact their console has on both your wallet and living room real estate. However, now that the company has finally given fans what they've wanted for months, all eyes are on Mirosoft to do the same for the Xbox 360 Elite.

Recent rumors have pointed toward a price cut for the 120 GB Xbox Elite, which is currently priced at $399. A scanned Wal-Mart flier posted online earlier in the week lent more weight to the rumors and today, Engadget has what purport to be next week's Target ads which usually run from Saturday to Sunday.

Image Credit: Engadget