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Xbox 360 Arcade for $199.99, Xbox 360 for $299.99, Xbox 360 Elite for $399.99: Microsoft invites everyone to play

Imagine if friends and families had the ability to instantly watch movies from Netflix, live out their musical fantasies through “Rock Band 2” (Harmonix/MTV Games) and “Lips” (iNiS Corp./Microsoft Game Studios), star in their own Hollywood classics with “You’re in the Movies,” or have the power to never miss the latest episode of “Heroes” — all from one device, starting at $199.1 That device is Xbox 360, and Microsoft Corp. today announced it will offer the gaming and entertainment console, which offers the leading Xbox LIVE service, at a new low price in the United States. Beginning Sept. 5, Xbox 360 Arcade will retail for the estimated retail price of $199.99, the Xbox 360 console for $299.99 and Xbox 360 Elite for $399.99.

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