According to our good, dear, beautiful friends at Joystiq (and Radio Shack, incidentally) the Xbox 360 family is going to be seeing those rumored price cuts in the very near future. Falling right in line with that chatter we heard at the beginning of the month, a leaked Radio Shack circular seems to indicate that there will be reductions across the board for the console, with the 60GB version clocking in at $299, the Elite running you a cool $399, and the Arcade setup dropping to a totally affordable $199 (we're looking at you, potential Xbox LIVE opponents). Sure this could all be some Photoshop wiz's idea of a hilarious joke, but we're keeping the fingers and toes crossed over here. Target date for truth? September 7th -- so stay tuned.

Dell did its best to unload its seemingly abundant supply of Xbox 360 Elite bundles by selling them alongside XPS M1730 machines, but just in case a few of you didn't have $3,000 set aside to score the both of them, Dell is now offering the Elite bundle all by its lonesome for mere $299 -- a nice $150 savings. To un-sweeten the deal, they're also tossing in a couple ugly faceplates, Forza 2 and Marvel Ultimate Alliance. Get 'em before they're gone.

[Via Xbox 360 Fanboy; thanks to everyone who sent this in]

Microsoft's 20GB Xbox 360 Pro already stooped to $299, but one particular mole -- the same one who correctly called the 60GB edition of the console -- is suggesting that further slashing is in store. To be specific, we're talking about a $199 Arcade (no HDD), $299 Pro (60GB HDD) and a $399 Elite (120GB HDD), all of which should be available at those prices sometime next month. Furthermore, it's likely that Microsoft will toss out a few bundles in order to reel in the holiday shoppers, though details are sparse about which ones we'll be seeing. Our take? Hold off just a bit -- we get the feeling this here is more than hot air.

There's just one problem with this, the way we see it: most folks with $3000 earmarked for a gaming laptop probably already own an Xbox 360. Just a thought. Other than that we see little to dislike about this little promotion. Dell is offering up its top-of-the-line XPS M1730 system with an Xbox 360 Elite bundle tossed in for good measure. The bundle includes, a pair of faceplates, two game and of course the Xbox itself, and while it's not exactly "free" -- you're looking at a couple hundred dollar premium over a similarly specced M1730 -- it's still a savings of over $300, and should be eBayable, if nothing else. Offer expires July 24th.

[Thanks, Cezar]

While folks at the Xbox 360 repair lab know good and well how to strip a console back to its birthday suit, Microsoft is going the opposite direction with its limited run of Grand Theft Auto IV Elites. The console itself is purportedly blasted with automotive quality paint and each one is individually numbered. Apparently, the 500 units -- which look to come with a case full of peripherals -- are only being dished out to press outlets and the like, so it seems your only shot at actually acquiring one is by scouring the second hand market. Or you could just steal one and toss a Molotov cocktail behind as you're getting away -- that'd be fitting, we guess.

[Via Xbox360Fanboy]

We think it's possible that the time has come to admit that Ben Heck (aka Benjamin Heckendorn) has officially taken it to the limit, put the pedal to the metal, and a large number of other cliches that suggest something has been pushed just about as far as you can take it. That's right folks -- it's the Xbox 360 Elite laptop. We're not even going to try and pretend to understand how an individual could go about creating this kind of extreme mod to the Microsoft console -- needless to say that if there was one man who could do it, Ben is that guy. Luckily for us lay-people, he's included a graphic breakdown of just about every step on the road to a portable Xbox 360, replete will all the case cracking, innards opening, wire splaying photos you could possibly want or need. Sorry NEStari and Atari 800 laptop -- there's a new boss in town.

Update: Be sure to check out the charming video after the break to see Ben showing off the mod -- we're sure you'll enjoy the intro as much as we did.

Naturally curious as to why Xbox 360 Elites are so difficult to find, we went straight to the source -- and Microsoft tells us that demand is simply outstripping supply on the 360 Elite right now, and that no model lineup changes are planned at this time -- especially since the Elite is their hot seller. Well, so much for that conspiracy -- guess we're back to reading the PS3 tea leaves.

We know you've been dying to find out who's taking home that super rare signed 300-Edition Xbox 360 Elite. Well, you can all officially bum rush Erik Burgardt, since he's the lucky sucker taking this thing home.

Just for good measure, in addition to the signed Xbox and 300 HD DVD, Microsoft also hooked him up with a copy of Forza 2, Crackdown, a year's Xbox Live service, and 1600 Microsoft points. Congrats Erik, everyone -- including and especially us -- is incredibly jealous.

They don't come any freer than this, but time's running out: today's your last chance to sign up for one of twenty super rare limited edition Xbox 360 Elites we're giving away, signed by 300 creator and comic legend Frank Miller, as well as Zack Snyder, director of the eponymous film. The fun ends at 11:59PM tonight, so get on over to the contest post and do your thing.

Still haven't entered to win one of twenty super limited edition 300-themed Xbox 360 Elites we're giving away? Yeah, the ones signed by 300 creator and comic legend Frank Miller, as well as Zack Snyder, director of the eponymous film. Not sure what you're waiting for, the contest ends tomorrow, and potential next-gen console-earning heroic acts don't sprout on trees. Hit up the read link for the instructions.

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

Not only is the console above (which we happen to be giving away) one of twenty super limited edition 300-themed Xbox 360 Elites, it's -- are you ready for this? -- signed by 300 creator and comic legend Frank Miller, as well as Zack Snyder, director of the eponymous film. Don't act like you don't want it. Go enter the contest (and have a good weekend while you're at it).

We've given away any number of Xbox 360s on Engadget in the past, but never one with the level of awesome turned up to 11 (or, in this case, 300). Today we're giving away one of just 20 super rare Xbox 360 Elite consoles printed with blood designs from 300 -- but rarer still since it's friggin' signed by Frank Miller. The details of what the winner takes:

• 300-Edition Xbox 360 Elite (120GB drive, wireless controller, etc.)
• Console is signed by 300 creator and comic legend Frank Miller, as well as Zack Snyder, director of the eponymous film
• 300 combo DVD / HD DVD (which is, incidentally, out today) to go right along with it.

Look, we'll admit it, we really don't want to give this thing away -- so make sure you follow the contest guidelines, ok?

The rules (yeah, there are always rules):

• Leave a comment below -- tell us your fave scene from the movie. (It's ok if you haven't seen it, but where the hell have you been?)
• You may only enter this specific giveaway once. If you enter this giveaway more than once you'll be automatically disqualified, etc. (Yes, we have robots that thoroughly check to ensure fairness.) In other words, be careful when commenting and if you submit more than once, only activate one comment, ok?
• If you enter more than once, only activate one comment -- otherwise we'll send Leonidas after you.
• Contest is open to anyone worldwide!
• Entries can be submitted until 11:59pm EDT on Sunday, August 12th.

Retailers such as HMV, Play, and Game in the UK are gearing up for the August 24th European release of Redmond's deluxe game system, and have begun pricing and taking pre-orders on Xbox 360 Elite packages at £330, although there's been no official word from the company on pricing. Microsoft has been tight-lipped, but speculation is that sellers have been tipped off from other regions, as many of them have a European presence. Of course, Steve McGill, the UK mouthpiece for the Xbox, stated last week that the Elite vs. Premium package pricing would be similarly relative to their US counterparts, thus placing the Elite costs close to £336 -- which certainly seems to solve this mystery.

[Via Xbox 360 Fanboy]

We're still a little curious at the hold up, but Microsoft has finally announced that the Xbox 360 Elite is going to hit Europe on August 24th. In addition to the Elite, Microsoft also shared the good news that Xbox Live types in Europe and Canada will be able to share in the video download goodies currently being enjoyed by their US counterparts, including but not limited to that hefty high-def Disney catalog that Microsoft is adding to the service tonight.