Rumor: Xbox 360 Price Drop

E3's not even officially over, and the price cut rumors are flying again. Some people are predicting a $100 price cut across the SKUs for the Xbox 360.

This rumor apparently comes from a Canadian retailer who says starting August 1st all three 360 SKUs will receive a $100 price cut.

Now this rumor I'm more skeptical about. Why wouldn't Microsoft announce this at E3? Why hide it? I don't think I believe the hype. Plus, Microsoft needs all that money for the extended warranties they just issued...

But then again, Sony hid their price cut for a long time, and there were all those early reports from retailers about an upcoming price cut. And Microsoft may want to counter Sony's price cut and new release of the 80GB PS3. Also, the Xbox 360 is the longest running console system to not have a price cut. If the 360 Core was cut by $100, it would be cheaper than the Nintendo Wii so it could also counter Nintendo...