It was bound to happen sooner or later. The Xbox 360 Premium should see a $50 price drop in the next week or two. The $350 price tag is most likely set to coincide with the upcoming release of Madden 2008. Noice! It’s unclear how widespread the newly lowered price point will be, but Wal-Mart and Toys "R" Us are definitely on board, as evident by the scanned ads above. It’s unknown whether this is a temporary or permanent reduction. Given the relative lack of clarity here, we’d recommend jumping on this deal as quickly as possible, lest you find yourself having to drop an extra $50 because you waited too long…oh the agony.