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Updated: Microsoft confirms Xbox 360 price cut and new 60-gigabyte model (Dean Takahashi/VentureBeat)

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Dean Takahashi / VentureBeat:
Updated: Microsoft confirms Xbox 360 price cut and new 60-gigabyte model  —  Microsoft came through tonight with a press release announcing its $50 price cut for the Xbox 360 Pro (with a 20 gigabyte hard drive) model, which drops from $349 to $299 in the U.S. and Canada.