Xbox 60GB and price reductions on 20GB model

Microsoft has announced the launch of a new Xbox model-the Xbox 360 Pro (60GB). The console will be available in the U.S. and Canada in early August priced at $349. That’s more space for downloads and media files. The Xbox 360 Premium will be discontinued and the price will drop with immediate effect to $299 to make way for the new model. The 360 Arcade($279/no hard drive) and 360 Elite($499/120GB) will not be discontinued but as of yet there is no word on a price cut for the 360 Arcade but Amazon is offering the 360 Elite for $399-a $50 cut. (Not actual image)