Microsoft today dropped the price of its 20GB Xbox 360 console in the U.S. and Canada to just $299 (U.S.) (ERP) while supplies last, a savings of $50. The upgraded Xbox 360 will include a 60GB hard drive.

More... (http://news.teamxbox.com/xbox/17038/Microsoft-Announces-60GB-Xbox-360-Price-Cut-on-20GB-While-Supplies-Last/)