According to scans of an alleged flier from K-Mart, which is targeted for distribution on July 6th, it lists the Xbox360 console shedding a few bucks.
This would bring the Xbox360 Premium model from $349.99 to a slightly slimmer $299.99. This price cut, if true, would come ahead of the E3 event next month.
The scans appear fromand shows the ad campaign is indeed scheduled a week before the E3 event takes place.
There's no slither of hints to the other models available, the Arcade or the Elite. There's been no comment from the PR hench-persons over at Microsoft yet. Dang.