UPDATE!!
As many of you guessed (and a surprising number of you almost defended), Microsoft has no plans to dramatically lower the cost of their Xbox 360 console...at least none that we know of. The above "report" is complete poppycock, as is the included photo.
To be fair, the image above wasn't simply some advertisement (i.e. Target circular) that was hacked to pieces with shoddy Photoshop skills, but rather a completely original creation, rendered 100% using shoddy Photoshop skills. We did our best to include several clues that eagle-eyed readers could point to as reasons for the fake, including an Xbox 360 Pro console (backwards), as well as a 40 GB PlayStation 3 console with included DualShock 3 (not to mention the mix-matched games that kept repeating).
We were going to include (partially) a Super Nintendo console as well, complete with the tagline "Wow, 16-bits! ", but can imagine the widespread panic such a classic reintroduction might have caused? Madness!
Anyway, thanks for playing along, and we can only hope that Microsoft's reality will someday resemble our surreality. Here's looking forward to next year
http://news.vgchartz.com/news.php?id=3315
Όπως το περιμέναμε, πρωταπριλιάτικο ψέμα!