[Jonbo298]

I'm disappointed with how Microsoft did this. While its great the Elite is $299, chopping out the Pro was not a good move. They should have went for both Sony and Nintendo's jugular by putting the Pro to $199 and phase out the Arcade or drop the Arcade to $149 to really make Nintendo piss their pants.

This is Microsoft though and they won't do it even though they are making pretty healthy profits now off the 360 (and the absurdly overpriced accessories still). Sony had no choice but to make a drastic cut like this to try and gain back lost market share. Feature wise, the PS3 is the better deal now. Microsoft wins with online and some additional DLC exclusives or XBLA only games but that could be lumped into the online advantage.