Microsoft has officially given the Xbox 360 HD DVD player a price slashing by $50. This brings the player down to $129 from the $179 price tag that it got last July.

The player still comes with the 5 free HD DVD movie offer that it had before along with a copy of King Kong, but it we also feel it comes with the distinct stigma of a dying technology being run out by Blu-ray. We wouldn’t be surprised to see prices lower than even $129 once it hits some of the major retailers.

This price drop is reportedly effective now in United States, Canada, Australia and New Zealand.

via MajorNelson