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Xbox 360 price cut stepping nearer?

Rumours fly stateside

It really does looks as if Microsoft will most definitely announce an Xbox 360 price cut at E3 next week, in North America at least.

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Kotaku are the latest to circulate chatter concerning the proposed cut, citing a GameStop employee who apparently sent them images of an internal announcement of the reduction at the US retail giant.

The insider reckons that the in-store 'art' will go up on Monday the 13th, the day before E3 starts and the same day as Microsoft's press conference in Los Angeles.

The Premium bundles are expected to go for 299.99 USD after the cutting. More soon.