I've been calling this shot for a long time now. I keep saying the core system will be $199. So far, I've been wrong, but come July 10th at 8:30pm at the E3 Media & Business Summit, Microsoft will announce a new price structure for the Xbox 360 platforms. The Xbox 360 Elite system will drop $79 to $399.99. The Xbox 360 Premium will drop from $399.99 to $299.99 and the Xbox 360 Core system will finally make it's existence logical, when it drops from $299.99 to $199.99.
I don't have proof positive information that this is going to happen, I just have my gut instinct, and also this:
http://www.gamespot.com/news/6172235...newstop;more;3
"Analyst Heather Bellini of UBS AG also predicted a price cut for the console, although Microsoft refused once again to be drawn into commenting. However, Xbox director of project management David Hufford did note, "We are well aware that the sweet spot of the market is really $199."