Walmart's official website today confirms the rumor we broke yesterday about one heck of a deal on the Xbox 360 Arcade.


Listed among the one day in-store specials for this Saturday, Nov. 7, is an Xbox 360 Arcade console for $199 that comes with a $100 gift card. Other deals include discounted TVs, a Blu-ray player, DVD player and laptop.


More interesting, though, is what our sources tell us about the sale.

This weekend's one-day sale is just the first of weekly sales that will be hitting Walmart in the lead up to the post Thanksgiving retail sales explosion known as Black Friday.

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We're told that this is Walmart's attempt at pulling a little of the focus off that huge shopping day and trying to spread the wealth over the entire month. So look out for future deals, perhaps including more gaming price cuts.

Christmas Shop [Walmart]