Microsoft Corp is set to cut the price of its best-selling Xbox 360 Pro model to $299 from $349, a source briefed on the matter said on Friday.

Microsoft plans to lower the price of the Xbox 360 model with the 20 gigabyte hard drive this weekend before the video game industry’s biggest trade show, E3, taking place next week in Los Angeles.

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Well, that was quick. We mentioned Ion’s fancy drum kit yesterday, which will be released around when Rock Band 2 ships, but works with both Rock Band games, and now we’ve got a price and a press shot of the Drum Rocker. The $300 set has high-durability pads, which are supposed to play quiet and will register the velocity of your hits, but the real win is the re-configurability of the whole set — much like a for-realises electronic drum kit. We’re also really digging the metal-reinforced kick pedal, which seems a major improvement over the junky, difficult pedal packaged with the original game. Only $300? We’ll take two.

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