Microsoft’s Xbox 360 Elite just dropped to $299. That’s a pretty sweet price. But Microsoft wasn’t done. They’ve begun a new mail-in rebate program that brings the cost down to $249. That means that consoles purchased between today and October 5th are eligible.

They must be feeling the heat from the PS3s price. Just visit Xbox.com/eliterebate. This is for US purchases only.

We already knew that the Xbox 360 Elite would be replacing the current Pro model, but a new ad outted by Kotaku backs up those rumors and confirms that the Elite will also be taking over the Pro’s $299 price point.

Obviously none of this is official, but the ad shows the date for the price drop as August 30th, so we will likely hear from Microsoft before that date.

How time flies. It’s been about five months since Amazon introduced the Kindle 2 e-reader. To celebrate, or maybe just to move more units, the company has slashed $60 off of the price tag, giving it a US price of $299.

Now that it’s under $300, they should be able to move more of the devices. The e-reader market is getting more competitive, so it’s a good move. Question of the day. Now that the Kindle 2 is under $300, does it make up your mind to get one?

If you’re looking to pick up the Dell Inspiron Mini 10, why not place a pre-order for just $299? While this netbook has not yet shipped, at least you know that your $299 will get you the following: An Intel Atom Z520 1.33MHz processor, 160GB hard drive, 1GB RAM, 3-cell battery and Wi-Fi connectivity.

Thanks to an agreement with Microsoft, the Inspiron Mini 10 will be powered by Windows XP Home Edition and comes in black. You can always pay more if you want a different color or faster processor.