Full-page Kmart ad showing $299 Xbox 360

[shimrra]

"Joystiq has been in contact with the person who uploaded images (to HighDefDigest.com) showing a "new low price" of $299 advertised for the Xbox 360 in a Kmart flyer, beginning the week of July 6. He snapped the images quite quickly and they've slowly begun spreading across the internet.

We're currently attempting to confirm this information with some of our other retail contact, while our source is attempting to get a full page scan of the Kmart flyer. There is still no word on how this $50 price reduction on the Premium model will affect the Arcade or Elite Xbox 360 consoles, currently priced $280 and $450, respectively. More images can be found after the break. We'll update as soon as we learn more.

[Update] Following up on yesterday's rumor that the Xbox 360 Premium model will soon fall to $299, Joystiq has received (from a separate source) what we believe may be the full-page Kmart ad confirming the price drop . However, our new source says that the flyer is actually for the week of July 13 (E3 week!) and not the originally reported week of July 6."

Link (http://www.joystiq.com/2008/06/26/rumor-xbox-360-dropping-to-299/)

http://www.blogsmithmedia.com/www.joystiq.com/media/2008/06/kmartadxbox490.jpg
http://www.blogsmithmedia.com/www.joystiq.com/media/2008/06/xboxallegkmart1-1.jpg

[Steam]

That's a great price but I already got my PS3.

BluRay FTW!

[DonTheTrucker]

So this means it'll be $299.88 at Wal Mart?

[Bobobie]

They could be trying to dump their old stock of 360's. Make sure they are the new 65 nanometer chipset. They should say 175W and have an HDMI port noted somewhere on the box.

[Polack]

Just traded my 40 gig ps3 for an 80 gig. I'm good for a year or so.

[BlackNinja]

theres also a rumor that the 20gb will soon be replaced by 60gb models