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Microsoft has Xbox 360 Blu-ray drives ready to go

X-Bit Labs reports that Microsoft has Xbox 360 Blu-ray drives ready to go.

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Jeff is CNET Editor at Large and a host for CNET video. He's regularly featured on CBS and CBSN. He founded the site's longest-running podcast, The 404 Show, which ran for 10 years. He's currently featured on Giant Bomb's Giant Beastcast podcast and has an unhealthy obsession with ice hockey and pinball.
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X-bit Labs is not only reporting that Microsoft is still planning on releasing an external Blu-ray drive, but also that the company already has the device ready to go.

According to the article, Toshiba (yes, you read that correctly) and Samsung have been asked to come up with the external Blu-ray solution for the Xbox 360. Rumors are also floating around claiming a $100-to-$150 price point.

With Blu-ray playback remaining as one of the few advantages the PlayStation 3 has over the Xbox 360, one would imagine Microsoft would want to release this immediately to level the Blu-ray bragging rights issue.

If this information is accurate, we're left wondering how Microsoft will play this. Do they try and get this out in time for the holidays? Or do they wait to debut it at a show (like CES) where we're likely to see standalone Blu-ray players fall in price anyway?