Rumor: PlayStation 3, Xbox 360 price drops coming this Fall

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The Mole, as Ars affectionately refers to its gaming industry insider, has once again struck with a ‘rumor’ detailing Microsoft and Sony’s plans for their respective consoles this year. In case you’re super busy this Monday morning, I’ll break it down for you real quick. Expect to see bigger hard drives in the Xbox 360 and a slimmed down version of the PS3.

Let’s get the Sony news out of the way first. Sony is looking to clear out remaining inventory on the 80GB PS3 in the next two months. They hope the 160GB model will also clear out just as fast to make room for the PS3 slim and a price drop.

Microsoft’s platform will see drastic lineup changes this year according to the Mole. The Pro model could disappear as early as July or sometime in August. The Elite system will drop down to Pro status with a price cut in early September. MS is expected to drop another holiday bundle in October, but no word on which games will be bundled with the system.

We’ll just have to wait and see.

via Ars