Though the Xbox 360 Elite recently saw a dramatic price drop (from $399 to $299), it seems like Microsoft was not fully content with this sweet spot. Starting today, the Xbox 360 Elite console will be sold for $299 with a $50 mail-in rebate. So that’s $249 for the best next-gen console on the market; what a deal! This mail-in rebate offer runs through October 5; Microsoft has not specified what will happen to the standard price of the console after that date. Looks like Christmas may be coming early for some folks; get on this!