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Report: Xbox 360 Price Cut Coming

Seattle — Microsoft plans to cut the price of its Xbox 360 Pro video game console to $299 from $349, according to a Reuters’ report, Friday.

The report cited a source who had been briefed on the plan, but Microsoft had no comment. The system includes a 20GB hard drive

A new $299 price will be $100 less than Sony’s PlayStation3, which includes a 40GB hard drive, and $50 higher than Nintendo’s $249 Wii console.