Microsoft confirms 120GB HDD reduced to $149

We're well aware of what many of you are thinking: At $149 (previously $179), the new price of the Xbox 360's 120 gigglebyte hard drive is still pretty steep. Though we're surprised it took this long for confirmation to arrive, the hard drive price drop occurred in conjunction with the console price cuts that hit last weekend. It's amazing to think that for just $50 more, you could pick up an entire console -- the $199 Arcade model.

This article was originally published on Joystiq.