Rumor: Xbox 360 4 GB with Kinect to get $50 price cut

Want to get an new Xbox 360 with a Kinect controller today? If so, you might want to wait a few extra days if the latest rumor is correct. According to Joystiq, pictures of an upcoming Wal Mart newspaper flyer show that for the week of August 28, the retailer will be selling the 4 GB version of the Xbox 360 with the Kinect motion controller camera included for $249. That's a $50 price cut compared to its current $299 price. There's no word yet if this price cut is just for Wal Mart customers or if it will extend to other retailers. There's also no word if other Xbox 360 consoles will get similar price cuts.

Earlier this month, Sony announced it was cutting the price of its Playstation 3 console by $50 for its 160 GB version (to $249) and the 320 GB version (to $299). Nintendo has also cut the price of its 3DS portable console by $80 to $169.99. Both the PS3 and the 3DS have seen big sales jumps at retailers such as Amazon since the price cuts went into effect.

In related news, Warner Bros. Interactive is showing off pictures of a custom Xbox 360 console on Facebook with artwork from the upcoming action game Batman Arkham City. People who attend this week's PAX Prime event in Seattle can come to the Warner Bros Interactive booth to register to win one and non-PAX attendees will apparently get their own chance to win another Batman: Arkham City Xbox 360 console via Microsoft at a later point in time.