Infinity Ward announced today that Microsoft will be releasing a brand new model of the Xbox 360 based on Modern Warfare 2. This new console will be black, with Modern Warfare 2 branding, & will also come packing a 250GB HDD, a copy of the game & 2 wireless controllers. It'll be $399, and is apparently already available for preorder.

Microsoft has confirmed that the Xbox 360 Elite will drop in price to GBP 199.99 in the UK and EUR 249.99 in Europe from tomorrow, August 28. The Xbox 360 Elite will no longer ship with a bundled HDMI cable, and in the US the Elite model will retail for USD 299. The Arcade will not see a price rise in North America, remaining at the USD 199 price point

A recent Walmart catalog (due to hit stores on August 30) revealing the same exact discount adds a hefty amount of credence to rumors that Microsoft is dropping the price on the console's 120GB SKU. You can see the full ad posted after the jump, courtesy of one of our readers (thanks, Patrick). A few sites have gotten the ad, assumedly from different sources, leading us to believe it's not just a high-quality fake.