Just read this on hexus and thought it was worth a mention:http://gaming.hexus.net/content/item.php?item=14770
"Rumours of a forthcoming Xbox 360 price-cut have been circulating the Internet in recent weeks. According to reports, Microsoft's Arcade, Premium and Elite models are scheduled for a drop in price to $199, $299 and $399, respectively"
Also, the guys at hexus predicted the following prices for xmas' 08:
Current Price Christmas '08 Price*
Xbox 360 Arcade £159.99 £99.99
Xbox 360 Premium (60GB) £199.99 £149.99
Xbox 360 Elite (120GB) £299.99 £199.99
Also, some discussion here...