As we reported last week the Xbox 360 will be seeing a price drop for each of its three SKUs. The Core model will drop $20 from $299.99 to $279.99, the Premium will drop $50 from $399.99 to $349.99, and the Elite will drop $30 from $479.99 to $449.99. I stand by my statement that this price drop makes little to no sense, because the cost of a Core system plus a 512MB memory card is only $20 less than the Premium now costs.

In related news, the Halo 3 edition Xbox 360’s pricing has finally been revealed to be $399.99. Keep in mind it has a 20GB hard drive, which is what comes with the Premium SKU. The Elite has a 120GB hard drive, which can also be purchased a standalone drive for the steep price of $179.99.

Bear in mind, these price drops don’t go into effect until tomorrow, Wednesday, August 8, and only in the US.