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Microsoft will lower the price on the XBOX 360 Pro from $299.99 to $249.99 and the Elite will drop from $399.99 to $299.99.

The Pro will stay at its new $250 price point until current inventory is depleted and then they will discontinue it all together, leaving just the $200 Arcade and $300 Elite.

So you now have 3 different options in "$300" price range, the original Sony PlayStation 3 80GB, the new PS3 Slim or Microsoft’s Xbox 360 Elite.

Which one will you get?