I’d put this one as close to confirmed as possible. We now have three different store flyers promoting the price cut.

Toys R Us is sporting the $50 price cut on the Premium, as is Walmart. Circuit City is going balls out and showing a $50 price cut for the Premium, a $30 price cut for the Elite, and a $20 price cut for the Core.

I can’t say this is an unexpected price cut. It’s been nearly two years since the 360 was launched and has been sitting at the same prices since November 2005. In my opinion, this is a bit overdue.

Scans of other ads after the jump.