Microsoft is offering two new discounts for the Xbox 360 250GB until May 26.

FIRST discount is for the Xbox 360 250GB Kinect Bundle. It takes down the price of the package to $349.99 from a previous $399.99 price.

SECOND discount is for the Xbox 360 250GB which drops the price of the gaming console to $249.99 from a previous price of $299.99. This Xbox 360 250GB package does not include the Kinect.

Both offers will slash $50 off the price of the 250GB Xbox 360 so those who are planning on getting an Xbox may as well take advantage of the price drop.