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Just in time for the holiday shopping frenzy (Black Friday particularly), Microsoft will be offering the XBOX 360 Arcade & Rock Band 2 for only $199.

The Dell home website, which has several Black Friday specials, says the XBOX 360 will be bundled with 7 games (games have not yet been determined however) for under $200.

Among the seven games, you will get Rock Band 2 also.  No word on if its comes with all the hardware (guitar, etc)  though but, at that price who cares.