E3 predictions, rumors, most wanted games, shades of grey and a Xbox 360 price cut to $349?

Xbox 360 grey color
We’re just hours away from Microsoft’s Xbox 360 pre-E3 press conference and the buzz is huge! Analyst Michael Pachter stated that this Tuesday evening from 7.30-9PM PST Microsoft will announce a price cut that will affect all three Xbox 360 models. The $299 Core pack will drop to $249; the $399 Premium pack will drop to $349; and the recently released $479 Elite model will drop to $399. While unofficial, this seems like a reasonable reaction to the recent PS3 price drop to $499. The picture above that was taken at E3 even shows a new grey colored Xbox 360.

A top 10 countdown of the hottest games (yes, lots missing) Gametrailers wants to see at this year’s E3.

If you enjoy rumor mongering, a lot of predictions for E3 that Gamevideos guess will be at the show this year.

What are the best rumors aside from the Xbox 360 price cut?
* The handheld Xbox rumors just won’t die.
* The PSP might get that PSP Lite redesign.
* Wii might finally get an external hard drive.
* PS3’s Home turns into a Second Life game.
* Mario Kart Wii could come to Europe in 2007.
* Many long lost game series are begging for a return, from Marathon, Kid Icarus to Duke Nukem Forever… ok maybe not.

What games do you want to see? For me it’s the Halo’s, Assassin’s Creed, Smash Bros Brawl, Mario Galaxy, etc.