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New 360 bundle w/ PGR3, points & Live?

Rumors of new, value-added 360 bundles continue to swirl in lieu of an actual price drop. This supposed $399 package doesn't have any fancy HDMI ports or internal HD-DVD drives, but it does have about $85 worth of throw-ins, including PGR3, 1250 MS Points and 3 months of XBL Gold. Is this the recipe for attracting holiday hold-outs?

[Thanks Alex]