Yep. The 360 has been lagging quite a bit in sales lately, so Microsoft has decided to lower the price of the base model from $279 to $199 to try and get some more sales going. Also this makes the Xbox 360 the cheapest among the modern generation of gaming consoles.
Following Microsoft’s master plan to cut prices on their Xbox 360 video gaming console across Europe, sales of the system have jumped by forty-percent.