No, it’s not a price cut to the Xbox 360 console but rather a price cut to the Xbox 360 HD DVD player. Microsoft announced that they would be dropping the price of the Xbox 360 HD DVD player from $199 to $179 here in the U.S. only starting on August 1st, 2007. In addition, Microsoft will add five free HD DVD movies for anyone purchasing the add-on drive between August 1st and September 30th. The announcement came today at Comic-Con International 2007 where Microsoft also announced several another Xbox LIVE marketplace and HD DVD related news items.

Microsoft also announced that the movie 300 from Warner Bros. would be coming to Xbox Live platform starting on August 14th in HD format. Microsoft is also working with Warner Bros. to bring other titles to Xbox Live marketplace.

In advance of the season 1 Heroes release on HD DVD, Xbox LIVE members will be able to download the show’s pilot episode for free in high definition for a limited time. Xbox LIVE members will also be able to download trailers, teaser scenes, and other promotional materials related to Heroes Season 1.

Finally, details on the five free HD DVD movies offer – you will be able to choose five HD DVD titles from a selection of 15 popular titles through a mail-in offer. This is basically an extension of the Toshiba “Perfect Offer” to the Xbox 360 HD DVD player.

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