Video Game Consoles - This Year's Cheaper Xbox 360

Could it possibly be true, did the real giant in gaming give the OK to lower the prices of their pride and joy the Xbox 360. This is apparently the rumor that has been circling around. Now this could be an attempt to take some momentum from Sony and their PS3 or is it possibly a way to make room for some new innovation that Microsoft has up their sleeve. Either way this will make the Xbox 360 a definite bargain when it comes to purchasing a video game console.