Xbox Drops $50

Microsoft announced today that the Xbox 360 will be receiving a $50 price drop!

The price drop will start August 8th and is part of Microsoft's attempt to kick off the greatest video game lineup in history. A wide variety of highly anticipated Xbox 360 exclusive titles are set for release this year, with a few noteworthy RPGs, including:

• BioShock
• Blue Dragon
• Lost Odyssey

There are also a whole bunch of major games that don't really fall within my coverage, like Guitar Hero III, Halo 3 and Madden '07. I already have an Xbox 360, but if I didn't, this sounds like a good time to go and get one.