As the all-important holiday shopping season draws near, prospective console buyers are seeing a growing array of deals. The latest is a mail-in rebate for the Xbox 360 Elite, which saw its price drop from $399.99 to $299.99 at the end of August. It shaves $50 off the new price of the 120GB, making it just $249.99 (after rebate).

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Aside from the standard-issue black-and-white models, the Xbox 360's controller has seen several limited-release colors and skins over the past three years. Now, it appears as if one more will soon be coming to market, as a listing in GameStop's online database indicates Microsoft is prepping a mottled red and black controller will be available October 15.

The Xbox 360's red/black wireless gamepad will apparently be a GameStop-exclusive and retail for $69.99. At cause for the mark-up over standard-issue $50 wire ... Read more »

In August, Nintendo president Satoru Iwata explicitly stated that a successor to the best-selling $249 Nintendo Wii won't "happen any time in the near future." However, given Sony's recent introduction of the $299 PlayStation 3 Slim and Microsoft's $199/$299 Arcade/Elite strategy, the Wii has lost its pricing advantage. Further, even if Nintendo makes good on the increasingly likely $50 Wii price cut, the system remains the least techn ... Read more »