Check out the image of a 120GB Xbox 360 Elite package that was captured from a local Walmart. While it will scan for $399 at the moment, folks have spotted retailers’ print flyers including Walmart that quote one Benjamin less at $299, in view of the PS3 Slim’s recent launch and announcement of a similar price point. The back of the box does point to the Elite coming with standard, presumably non-HD cables only, and unfortunately there is no mention of any bundled HDMI cables with each purchase. The Xbox Live wording was also altered from “Silver Membership” to “Free” as well.