Early September there will be price reduction on X360 hardware. The prices will become:
Arcade (no hard drive) to $199
Pro (60GB) to $299xbox_360
Elite (120GB) to $399

We should also expect hardware and game bundles for all hardware versions coming in the fourth quarter, just in time for the holidays.
In addition, the mole revealed that the upcoming release of Forza 2 Platinum Hits will include all the DLC tracks that were made for the title, which is a good way to add value to the game.
The last time the mole talked to me, before he became a super-villain, he told me the 60GB model of the hardware was coming, and he was right on the money with that one. Those prices should be considered rumors, but I’d be very surprised if this wasn’t accurate information. Very sexy pricing. [Arstechnica]