Microsoft has done it again. The cost of the Xbox 360 Elite has been taken down to $250 after a $50 mail in rebate. In order to qualify for the rebate, you must purchase your system before October 5th, 2009. After looking over the instructions online it seems like there aren’t any crazy hoops to jump through to get the rebate approved. They even give until November 20th to fill out everything so buyers should have plenty of time to fill out the required forms.

Nice job Microsoft and of course Netflix.