Is the rumored US$ 50 price cut on the Microsoft Xbox 360 true, then? One of our previous articles mentioned a rumor that the 360 would have a price cut come August 8.
The rumor is further reinforced with the release dates of titles such as Stranglehold, BioShock and Madden NFL 08, which will be released in August as well. As it happens, a price cut and a bunch of new titles would be a perfect combination to increase Xbox 360 sales.
Is this the confirmation that we've been waiting for, then? More updates as they come!

Via Xbox360.qj.net