Now that Sony has officially announced its PS3 price reduction, Microsoft is expected to make its next move shortly. By switching from a 90 to 65-nanometer IBM CPU and AMD/ATI graphics chip, Microsoft will be able to reduce the x360's cost, size and heat, according to Mercury News' Dean Takahashi. Codenamed Falcon, the revised X360 is expected later this fall, and could include an internal power supply, or make use of the new space to add more costly things like it did with the Elite's HDMI.

At first the arcade racing game project is called No Brakes: X Racing, but after investigations of the physics model we've modified game concept and renamed to X Motor Racing. The game includes all classes of cars from old RWD to modern sports cars, physics, and various graphical features.

Square Enix announced a diverse lineup for the E3 Media & Business Summit that contains the latest entries from its celebrated Dragon Quest, and Final Fantasy franchises, as well as Front Mission, the origin of the renowned mech strategy saga, playable for the first time in English.

2K Games announced Sid Meier's Civilization IV: Gold Edition, containing Sid Meier's Civilization IV and its first expansion set, Civilization IV: Warlords, plus bonus items such as poster, making of DVD and more ..

Midway announced its product portfolio to be shown at the E3 Business & Media Summit. This year's lineup showcases new properties such as Stranglehold, BlackSite: Area 51, proven brands such as UT 3, and Ultimate Mortal Kombat, and kid's games like Foster's Home for Imaginary Friends.

For one full week, Xfire users will have the chance to meet some of today's leading names in music through a series of live online chats including Megadeth, 311, Less than Jake, Mindless Self Indulgence and more.

Today Nintendo added yet another 3 classic games to the Wii's Shop Channel. Wii owners with a high-speed Internet access can redeem Wii Points to download the following titles: Mach Rider, Yoshi, Air "Zonk".

Are you ready to careen around the world-famous Indianapolis Motor Speedway in a hand-built 1960s speed machine that hits speeds of nearly 180 mph, yet rides only 7 inches off the ground? Can you survive a moving minefield of crashes, spinning cars, rolling tires, oil slicks and 32 rivals competing for the perfect racing line?

MX vs ATV Untamed features bigger, more populated outdoor open-world environments, an X-cross career mode showcasing all eight vehicles and the all-new EnduroCross mode pitting gamers against logs, rocks, mud-pits and more, and illustrating the full potential of the franchise's Rhythm Racing physics engine.

War Leaders: Clash of Nations will expand upon the RTS genre by placing gamers in the roles of the major leaders of WWII, including Roosevelt, Churchill and Stalin. Political, diplomatic and economic decision making will be key to success, while sound tactical strategies will ensure victory on the battlefield.