Speculation this morning has it that the Pro system could be on the way out, with said to be on the brink of dropping the price of the Elite model SKU to the old 299.99 USD price inhabited by the Pro.

Tittle tattle to this effect has been doing the rounds for some time, with word reaching us via Kotaku that retailer Meijer has fliers and adverts ready for August 30th, confirming the new Elite pricing.

With expected to announce a price cut at GamesCom Cologne, it seems Microsoft could also be moving to head-off this potential boost with a cut of their own.

If Microsoft do press ahead with this reduction, only the Elite and models will be left at lower and higher price points. The Elite model comes with a jumbo-sized 120Gb hard-disk. More on this idle gossip soon, we'd wager.

By Luke Guttridge