GameStop managers received an email letting them know of a special announcement from Microsoft on August 8th, as reported by Joystiq.

The email states that this announcement will become public on August 8th and they should not display the signs they receive early, lest they be bitch slapped by upper management. Yeah, because we know that’s going to work.

There’s very little chance this is something other than the rumored price cuts we’ve seen from retail ads. We’ll keep you posted as more information is available.