They say that when the river sounds, it brings water. And this one brought exactly the water we expected. According to a photo of a Meijer catalogue found by Kotaku, the Xbox 360 Elite will be dropped in price to $299, a $100 drop from its previous $399. Given that this had been rumored for some time, we're not surprised in the slightest, nor think there's a possibilty that this be fake.
If you remember the original rumor, it said that not only the Elite would drop in price, but also that the current Pro model would be phased out, we even posted a news that noticed the lack of info about the Pro in SKUs comparison. With this, that event is even more likely
And so, in the near there'll be two main 360 SKUs, the Arcade and the Elite, unless Microsoft releases a new one, of course. We await an official confirmation for this subject in the words of the company, which shouldn't take much time. The catalog is for August 30th, so we expect word earlier than that.