While they didn’t announce it at E3 like they should have, the rumors that Microsoft is planning a price drop for the Xbox 360 seem to be gaining some more substance.  Over the weekend, Cheap Ass Gamer posted a couple of scans that they’d discovered, one from the August 8 ad for Wal-Mart and one from the August 12 ad for Toys R Us.

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I haven’t seen any confirmation on price drops on the Elite or Core units, but I would hope that they’ll happen.

So…pair this up with the forthcoming 360 HD-DVD Player price drop, and…well, it still outprices the PS3 by about $30.  But if you’ve been holding out for a 360, the time to buy should be right around the corner.