It is official that the Xbox360's 20 gb model will be getting a price cut to $299 and it is tagged as "While supplies last". This could mean that they are either gonna stop the production of the 20GB Xbox360 or that the price cut will only last for a short amount of time. As an extra to the price cut Target will be giving out 25$ gift cards to anyone who purchases a 20GB Xbox360 so for anyone who doesnt have a 360 at the moment now is your chance to go out and get one.