According to gamedame.com and confirmed by Microsoft, the 20GB XBox 360 model has dropped its price to $299US. Taking the place of the old $349US price tag is a newer model that comes equipped with a 60GB hard drive. If the newer model also comes with no red ring of death, I’m sold. Of course, you still have the Arcade package and Elite consoles, which are both the same price, so… if you’ve been holding out on getting a Xbox 360, you have a cheap alternative now.