Rumor: Walmart dropping Xbox 360 4GB Kinect bundle to $249 on Aug. 28

I think were about to see some nice price cuts across the board. a $249 Xbox 360/Kinect bundle would sell great.

The upcoming Walmart circular reveals that the mega-retailer will do a "rollback" on the price of the Xbox 360 4GB Kinect bundle, dropping it to $249 (down $50 from the current price). The flyer we were provided was for the week beginning August 28.

The timing of the price cut could be a reaction to Sony's recent PS3 price snip. Microsoft recently stated it wasn't feeling any pressure to reduce the price of the Xbox 360 in Europe. Meanwhile, in America, the system has performed consistently well in the later years of its life.