Microsoft cuts Xbox 360 price by $50, reveals new holiday bundles

Microsoft (MSFT) is giving consumers two more reasons to buy an Xbox 360 this holiday season. First, all Xbox 360 consoles except the standalone 4GB model without Kinect will receive a $50 price cut for a limited time at all major retailers including Amazon (AMZN), (BBY), GameStop, Target, Toys 'R Us and Walmart. Second, there are three new holiday bundles that come with some of the best-selling games of the year.

The first holiday bundle costs $399.99 and includes a 250GB Xbox 360 and Kinect, Dance Central 2, Kinect Sports 2, Kinect Adventure and a month of Xbox Live Gold. The second is a 4GB Xbox 360, Kinect, Kinect Disneyland Adventures, Kinect Adventures and one month of Xbox Live Gold for $299.99. And the last holiday bundle includes a 250GB Xbox 360, Skyrim, Forza 4 Essentials Edition and one month of Xbox Live Gold for $299.99.

As if that wasn't enough incentive to pick up an Xbox 360, Microsoft also announced that the Limited Edition Halo 4 Xbox 360 bundle is now available for preorder and will launch on November 6th.

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