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Rumors point to a massive price drop for the Xbox 360′s HD DVD add-on. As a result of the format’s death, Microsoft will tell retailers to let the drive go for $50, a full $80 off the previous price. Why exactly you’d spend $50 on an outdated, dead technology I don’t know. You’re better off playing Mega Millions or going to the dog track.

Actually, hold that thought. $50 isn’t bad if you already have an established HD DVD library and want to use the drive as a backup in case your main player drops dead.

Right now. all the major retailers’ Web sites still show the $130 price tag. Maybe it’s slow coming.

Mole report: Xbox 360 HD DVD drive for $49.99 [ars technica]