Love how all these deals for xbox is coming up. Microsoft sure does want to clear out inventory for when they come out with the replacement next year.
Next year is in a few weeks. Next gen Xbox is many, many, many months away... likely in the 10 to 16 month range. In that time frame, they would have zero problems clearing out whatever inventory they have before the next gen arrives. compusasca is right.
Now, what may be happening is trying to clear out inventory for end-of-year. But in reality, I strongly suspect they are trying to "buy" marketshare and get more people signing up for Xbox Live - they make more money on that than on the Xbox hardware.
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