195w ago - Today Microsoft's Major Nelson has announced that they will be offering an additional $50 rebate on the XBox 360 Elite until October 5, 2009.

This comes just weeks after the price drop of the XBox 360 Elite from $399 to $299, meaning after rebate it's just $249- not bad at all!

To quote from the Press Release: Stretch Your Entertainment Dollar with Special Offer from Xbox 360

$50 Rebate Offered with the Purchase of Xbox 360 Elite through Oct. 5

Beginning today through Oct. 5, when you purchase an Xbox 360 Elite for $299, Xbox 360 will put $50 back into your pocket with a limited-time rebate. Coupled with the recent price drop of the Xbox 360 Elite console, this offer makes your premium games and entertainment experience more affordable than ever.
Xbox 360 Elite puts all your entertainment in one place so you can play games, watch movies and TV shows, listen to music, and, coming this fall, keep up with your Twitter and Facebook social circles, all from your living room. Additionally, with a Netflix unlimited membership and an Xbox LIVE Gold Membership you can instantly watch movies and TV episodes...