That is it's sale price for now Xbox cut the price of all Xbox's but the 4GB slim w/o the Kinect by $50 for now.
The holiday values continue with a $50-off pricing promotion on select Xbox 360 consoles and bundles available at select major national retailers. The $50-off price promotion will apply to:
250GB Xbox 360
4GB Xbox 360 with Kinect
250GB Xbox 360 with Kinect
Additionally, the limited time $50-off price promotion will also be available with the Xbox 360 Limited Edition “Halo 4” console bundle, a must-have for “Halo” fans and the ultimate way to celebrate the return of the Master Chief in the next blockbuster installment of the iconic franchise. The limited edition console is available for pre-order and will arrive in stores with the launch of “Halo 4” on Nov. 6, 2012.
And the Halo 4 one is now only $349 at Gamestop so I would give them a call and see if they can give you your $50 back.
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