Major Nelson (and the rest of the free blogging world) is discussing the price drop across all the Xbox 360 models. Throw in the 3-year warranty and you’ve got a pretty good looking deal.
For people on the fence, the 50-dollar drop of the Premium 360 should be very tempting. Even with the horrific failure rates, you’ve got three years of protection and a fall lineup that is absolutely loaded. If you’ve been considering the 360, consider no more. Go forth (on August 8th) and purchase.