Microsoft ended its E3 press conference today with a giant bang: A new Xbox 360, with a slimmer profile and built in wi-fi will be on store shelves later this week. The new Xbox 360 will feature a 250 GB hard-drive and will go on sell for $299 later this week. Also following the announcement , Microsoft announce that old 360 Elites will now be $249 USD, whilst the Arcade will be $149 USD.

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