The upgraded 360 has a 60GB hard drive and is selling for $499. Previously the 20GB Xbox 360 Pro was selling for $499.

If Xbox isn’t your thing, Sony has announced an official release date for their 80GB PS3 in Australia. The 80GB PS3 will be available for Australian customers on August 28th for $699. The PS3 also marks a pretty significant price drop given the 40GB version also sells for $699.