Reports from the States are saying that a price drop for the Xbox 360 is imminent especially with E3 looming very close (July 15 - July 17). The current figure being thrown about is $50 if only to compete with the Nintendo Wii and the PS3 which has gained a lot of ground since release. Whether or not the price drop happens is anyone's guess and whether the price drop will make its way to our shores remains to be seen.