The new lower priced Xbox 360 Elite 120GB is now on sale on Amazon.com for $299.99.
Microsoft made the $100 price-cut official yesterday. If you buy the Xbox 360 Elite now on Amazon you also get a digital Xbox LIVE 12+1 month gold card free (Limit one per household).
Microsoft cut the Xbox 360 Elite price to match the new $299 pricing of the Sony PS3.
Get your cheaper Xbox 360 Elite now on Amazon.com, unless you want to wait for the just leaked Xbox 360 Elite 250GB with Forza 3.
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