Microsoft Says No
Microsoft has said no to the credible rumors of a $50 price drop for the $400 Xbox360 Premium package. The rumors continue to say that the price drop will see the Core system discontinued in the US.
Microsoft's response was: "No. Xbox360 Core remains an important member of the Xbox 360 family."
Microsoft's response was: "No. Xbox360 Core remains an important member of the Xbox 360 family."