All three versions of the Xbox 360 console will see a price cut as of September 5 in the US. The Xbox 360 Arcade will now clock in at $199, formerly priced at $279, after an $80 drop. The standard 60 GB hard drive model will cost $299, a drop of $50. The Elite, which comes with a 120 GB hard drive, will set you back $399. Previously it was priced at $449.