Ohhh big surprise, Microsoft just announced a price drop on the 360 lineup. Retailers will knock $50 off the Premium systems (bringing it to $350), $30 off the Elite (down to $450), and $20 off the Core (bringing it to $280). Expect it to take effect this Wednesday, the 8th. Buy, buy, buy, people. Oh, let's briefly review how many of Microsoft's retail partners had a difficult time keeping Redmond's big secret.

Read - GameStop can't hold it in
Read - Circuit City, loose lips sink console price drops
Read - Best Buy thinks the Core system won't be around much longer
Read - Toys R Us won't keep a secret
Read - Wal-Mart's a blabbermouth
Read - The Hollywood Reporter even heard about this thing
Read - Oh, here's the official release

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Microsoft drops price on Xbox 360 line -- we're stunned