Microsoft last week announced that it was slashing the price of its Xbox 360 consoles in Australia, with the entry level model now costing just $250 for a 4GB console with wireless controller and a one month subscription to Xbox Live.

Given that Nintendo has led this generation of consoles thanks to its low RRP, the move by Microsoft is a good one in the lead up to a hyper competitive season. In addition to the entry level console, MS has also cut $50 off the price of all its Kinect bundles, with the 4GB Kinect plus console costing $399 and the 250GB version selling for $499.

Microsoft’s end of year game lineup is also looking amazing, with Gears of War 3 hitting shelves this week and the remastered Halo: Combat Evolved landing next month.

If you don’t already own an Xbox 360, this is probably a great time to buy one. Plus, blowing up aliens is the perfect way for a man to relax…

Price: From $250