Microsoft wants your money, but notallof it. Big MS is upping the ante in the price drop battle by offering a $50 rebate to anybody in the United States who purchases an Xbox 360 between now and October 5.

This certainly has to be a response to the PlayStation 3 price cut, with Microsoft attempting to undermine Sony’s efforts to put more PS3s into homes this Winter. The rebate makes the entry cost for an Elite a rather attractive $249, which certainly makes it cheaper than the $299 PS3. Will the plan succeed? That remains to be seen.

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The rebate details are availableon this page. What do you reckon? Will this have any impact on sales?

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