[Update: Microsoft is calling Walmart's price drop an "independent decision" on a "temporary price cut." It added, "We've made no announcements about price drops, and do not discuss our pricing plans in advance."
So either buy your 360 at Walmart for $50 cheaper than competing retailers or take the chance that others will soon follow.]
If you're looking to pick up an Xbox 360, you might want to wait. A leaked upcoming circular for retailer Walmart shows that the price of the console may be cut by $50.
The advertisement shows a "rollback" for the Xbox 360 4GB with Kinect model, down to $249.99 from the current $299.99 price point. The price cut is listed as coming the week of August 28.
With a recent PlayStation 3 price cut, Microsoft may be reacting as you might expect. Of course, this may also be a way for it to position itself for the upcoming holidays. Could Microsoft knock it out of the part for a second year in a row with Kinect?
Get more destructoid: We're indie-run, blogging for the love of it, and our site will always be free. Optionally, you can support us and get: (1) Faster pages from our cloud server (3) Wide(r)screen (3) No big ads on Dtoid, Japanator, Tomopop, or Flixist (4) Auto contest entries, and (5) Dibs on betas & downloads. Try it out
Unsavory comments? Please report harassment, spam, and hate speech to our moderators, and flag the user (we will ban users dishing bad karma). Can't see comments? Apps like Avast or browser extensions can cause it. You can fix it by adding *.disqus.com to your whitelists.