Redmond responded to the PS3 price drop by lowering the price of the 120 GB Xbox 360 Elite to $299. (Amazon still has some of the 2008 Elite holiday bundles left at the new price plus they're including a free XBL Gold membership.)
The 360's Wireless Networking Adapter is still woefully overpriced at $99, which mainly stands out because the $299, 120 GB PS3 features built-in Wi-Fi and Blu-ray.
