MS confirms 60GB Xbox 360 and 20GB price cut

Microsoft today announced an Xbox 360 console with triple the storage space of the original console, but for the same price of $349. The 60GB console will be available in retail stores in the U.S. and Canada starting in early August. In addition, 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.