Verizon has cut the price of the Galaxy Tab to $500 contract-free. The $100 price drop should take effect soon and will also include $60 of movie rentals from Blockbuster’s app or Samsung’s Media Hub. As a bonus, anyone who bought the Android tablet within the past two weeks can get a refund for the price difference. Can’t complain about that.

The price drop comes just two months after release and since we don’t have any information on how well the seven-inch slate has been selling, we have to assume that things are not good. Then again, maybe they are just trying harder to compete. Motorola’s Droid Xoom will be launched at CES next week after all.

Sony’s PSPgo left a a lot to be desired and that $250 asking price isn’t helping It just can’t compete with other handheld consoles. But if you’ve been thinking about buying the PSPgo anyway, here’s some good news.

A leaked document seems to indicate that there might be a $50 price drop coming soon. Sony hasn’t commented on this, neither a refute or a confirmation. But they have to start moving units.

When we first heard news about prices for the Samsung Galaxy Tab, many of us shuddered at how expensive it would be. The Samsung Galaxy Tab originally turned up on Amazon with a list price of £799.99 ($1,243) SIM-free.

The price was then reduced to £680 ($1,056), And since then it been reduced to a more respectable £600 price point. Hopefully it will get even cheaper in order to compete better with the iPad. We love lower prices.

The new Xbox 360 is much quieter and more efficient, but there are still reasons to buy the old model. Like the fact that Best Buy is kicking off August by lowering the prices for the Splinter Cell: Conviction and Final Fantasy XIII previous-gen Xbox 360 bundles.

For only $299 (That’s $50 off the current price) you get the game title, a 250GB HDD, and two wireless controllers. You better hurry. Not sure how long it will last.

Looks like the rumors were true. Nintendo’s Wii is about to get its first price drop after great sales for three years straight. The console has been sold for $249.99, but on September 27th the Wii will be priced at just $199.99.

Apparently an official announcement is expected this Friday, with retail stores beginning to sell at the new price on Sunday. Great time to get a Wii if you haven’t already taken the plunge.

Weekly newspaper ads are pretty easy to fake, but we have a feeling that this one is real and if that’s the case, it means we’re getting a Wii price cut on September 27th. Either that or someone at Toys R Us has been hitting the crack pipe.

If it’s not true and you can expect a price cut next holiday season rather than this holiday season. Just be patient and we will see what Santa brings us. The other guys got a price cut, so Nintendo would naturally want to stay competitive.

The iPod shuffle, still the tiniest of iPods, has just seen a price cut of $30 bringing the formerly $79 media player down to $49. The shuffle has no display with a 1GB capacity, the ability to hold around 240 songs and is coming at the $49 price in a multitude of colors.

Last we noticed there wasn’t anything else from Apple showing any price changes, but at the time of this posting the Apple store is actually down. This, especially on a Tuesday, is usually a pretty good indicator that something is happening. We’ll keep you posted…