E3 came and went, and while another company announced a "price drop," the Internet-wide speculation of Microsoft doing the same at the big show went unmentioned.
Well it seems that these Xbox 360 price-drop suspicions were not completely unfounded; over the weekend it was discovered that multiple retailers will have the Xbox 360 premium listed at $350 beginning in early August--most likely to coincide with the release of Madden 08.
Thanks to Cheap Ass Gamer, we have two scans of predated ads from Wal-Mart and Toys R Us displaying the $50 price cut. It is unclear, however, about whether this will affect the Elite and Core versions of the console as well.
Check out the Wal-Mart ad scan after the jump.