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Now that Blu-Ray has won the high-definition format war, Microsoft might need to scramble in order to keep pace with Sony's surging PlayStation 3. Some analysts believe this scramble will come in the form of another hardware price drop for the Xbox 360, and rumor has it that Canada will be getting a 360 price cut very soon.

According to Joystiq and an "anonymous tipster," this picture has begun to make the rounds online. It comes from a FutureShop Canada employee who was "quite surprised" to see this $50 price drop for 360 Pro Console; the advertisement is on the front page of next week's company flier. Furthermore, if you flip to the inside, it says this offer of a $449 360 also comes with a copy of the dinosaur-infested game, Turok! This is one hell of a deal, and Canadian gamers are gonna be happy campers if this deal is accurate. And if it is accurate, when might we be seeing this same deal in the US...? Would it really only be reserved for Canada?

We figured we'd be seeing a price drop for the 360 at some point this year, but perhaps the sudden failure of HD-DVD has forced Microsoft's hand. We'll let you know if this deal turns out to be bogus, but if it's not, cross your fingers we receive something like this here!