Microsoft on Thursday revealed its back-to-school offer for 2011, which is likely to drop students’ jaws and raise parents’ eyebrows at the same time. This year, students with a valid student ID who purchase a Windows 7 computer for $699 or more will receive a free Xbox 360 4GB video game console. “A hot new Windows 7-based PC with a free Xbox 360 is the ultimate productivity, social and entertainment package for students,” said Kathleen Hall, general manager of Windows Marketing at Microsoft, in a statement. “In one shot, with this great offer, Microsoft is giving students everything they need for a successful new school year.” We’re not sure how much the Xbox offer will help students with their school work, but it will definitely help them blow off some steam and avoid burning out while still managing to save them some money. The deal becomes available to students starting this Sunday, May 22nd. Hit the break for Microsoft’s full press release.