It seems the Playstation 3 is not the only console getting an unofficial price cut forcefully thrust upon it like mutated genitalia in a Wes Craven remake; as seen in this week's Shop Rite special offers, the Xbox 360 Premium is available for $50 off the normal price.
This isn't nearly as big as Best Buy and Circuit City trying to give away PS3's for free to get the damned things off their shelves, but it's always the ma and pas that end up letting something slip before a big official announcement. Either this is a hint at a price drop to come at E3, or it's just a good deal. Either way I'm completely offended, Failure to Launch is worth sooo much more than $5.99! It's priceless, really.
I've personally never heard of Shop Rite since I have electricity and don't live in an adobe, but resident chalktoid Raspberry Jowels not only shops there, he's their grandmaster (of savings, I'm guessing).
And yes, that Wes Craven link leads exactly where you think it does.