The 360 also currently enjoys the distinction of being the least expensive current gen console out there. At $199.99 for a bare bones unit, the 360 costs just barely $70 more then the PS2! And with a PS2 at the suggested retail price of $129.99, you still need to buy a memory card (at least another $16) and games, while the $199 Xbox includes a 256mb memory unit and a couple of games.

Not to mention Microsoft will upgrade Xbox arcade owners to a 20gb HD and a three month Xbox Live gold membership for just $30. With that, you basically get a 20gb Xbox for $20 less than a Wii, the formerly least expensive current gen console on the market.

All consoles on the current retail market and their SRPs,

PS2 - $129

Xbox Arcade (no HD + 2 games) - $199

Wii - $249

Xbox (60 GB HD + 2 games) - $299

Xbox (120 GB HD + 2 games) - $399

PS3 (80 GB HD) - $399

PS3 (160 GB HD + 1 game) - $499