Microsoft surprises with lowball Xbox 360 pricing

WinInfo | at | by Mike

Given recent news that Sony's upcoming PlayStation 3 will be priced at a premium, Microsoft's announcement that Xbox 360 pricing will start at the same levels as did the original Xbox comes as somewhat of a surprise. Microsoft will offer a basic Xbox 360 console package for just $299 when the systems become available this holiday season. A premium version of the Xbox 360, which includes a hard drive and numerous other add-ons, will cost $399.

"I'm confident that we're on track for the Christmas holiday," said Microsoft Vice President Robbie Bach, though the company declined to specify an exact release date. "The system is ready and primed." Many analysts expect Xbox 360 to ship in November.