Xbox 360 to get a price cut on August 8
The Hollywood Reporter has reignited the Xbox 360 price cut debate by stating that a retail source has claimed that Microsoft will cut the price of the Xbox 360 by $50 (US) on August the 8th.
Asked to comment by the Hollywood Reporter Microsoft stated "We have no announcements to make on pricing at this time. While price matters, content is king. And no other system is offering all the games people want to play this holiday at a better price than Xbox 360."
Cutting the cost of the Xbox 360 in early August could be perfect timing for Microsoft, with Bioshock, Stranglehold and the rather popular (in America at least) Madden NFL 08 due out in August a small price cut may sway those who have been holding off on purchasing a next generation console.

