Rumors are abound that Microsoft will issue a hefty price cut on all of its Xbox 360 hardware models this September, according to technology site Arstechnica. Emphasis on “all,” as this isn’t another pseudo-price-cut to make room for new hardware.

The site reports that HDD-less Arcade model is dropping to just $199 — $50 less than the current MSRP on Wii, while the recently released 60GB equipped Pro model will drop to $299 and the Elite, which houses a 120GB hard drive, will ring in at $399 come September.

In addition to model-wide price cuts, we can expect new game and hardware bundles to roll out in time for this holiday season (a no-brainer, really).

Mole attack: 360 price cuts on all hardware in September [Arstechnica]

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