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Xbox 360 price drop for real this time?

The Xbox 360 price cut looks like it is actually materializing.

Seeing is believing.

(Credit: Cheap Ass Gamer)

E3 came and went, and while another company announced a "price drop," the Internet-wide speculation of Microsoft doing the same at the big show went unmentioned.

Well it seems that these Xbox 360 price-drop suspicions were not completely unfounded; over the weekend it was discovered that multiple retailers will have the Xbox 360 premium listed at $350 beginning in early August--most likely to coincide with the release of Madden 08.

Thanks to Cheap Ass Gamer, we have two scans of predated ads from Wal-Mart and Toys R Us displaying the $50 price cut. It is unclear, however, about whether this will affect the Elite and Core versions of the console as well.

Check out the Wal-Mart ad scan after the jump.

(Credit: Cheap Ass Gamer)

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