Xbox 360 to compete with PS3 Slim on Sept. 1st with new $299 price

If the local news flyers for GameStop, Wal-Mart, and Meijer are to be believed, an Xbox 360 price drop will evidently occur on September 1st, the same day the PlayStation 3 slim model launches. The price? The same price as the new PlayStatiion 3, $299.

Above you’ll see the scan from the latest Wal-Mart flyer. Is the price drop a coincidence or was it planned to compete with the PlayStation 3 drop? Either way, they’re in hard competition now.

Confirmed – Xbox360 Elite to drop to $299 on September 1st [VGChartz]