Last month Microsoft revealed that it was reducing the price of its 20GB unit to $300 while at the same time introducing a 60GB edition for $380. According to Ars Technica there might be more as its sources revealed Microsoft might hack off another $50 off the entire model lineup, the HD less Xbox 360 Arcade would go from $279 to $199, while the 60GB Xbox 360 Pro gets reduced from $ 350 to $299, and the high end 120GB Xbox 360 Elite would be sold for $399 instead of its original $449 price.

Signature Devices' open source development platform, the Elemental Engine II, is now available for download. Initially unveiled at this year's GDC, Signature Devices will be showcasing the Elemental Engine II on the its social networking site.

A Forbes article taking a look at the future of gaming includes some quotes from Nintendo president Satoru Iwata who revealed that, "We are always preparing for the next hardware. We are under development. This time around, it happened to be we had a revolutionary user interface. Will it be the same for the next generation? I really can't tell. If the people are expecting so many different things from Nintendo, it's going to be difficult for us to go beyond that expectation again."

Namco Bandai revealed that it has released new downloadable content for its Ace Combat 6 action/flight game, consisting of several original plane variations, and two new missions available in the highest Ace of Aces difficulty mode.

Resistance 2 will feature 8-player, story-driven online co-op separate from the regular single-player campaign, 60-player online PvP (Heavy, Special Ops, Medic classes) and more vehicles, including The Chameleon, a Stalker with full cloak. SCEA revealed that the August issue of its downloadable video magazine Qore ($2.99) will include a beta invitation, while Insomniac confirmed pre-ordering the game will get you the earliest access.

Wacky Races: Crash & Dash is an action racing game like no other, with fun-filled environments, crazy cars and hilarious characters from the Hanna-Barbera cartoon TV series including several old favorites.

Foundation 9 Entertainment announced that it is clarifying the branding for its three Amaze Entertainment studios. The move comes as a result of the company's studio-focused strategy to foster individuality and studio autonomy within the company.

Nintendo's upcoming Wii MotionPlus accessory for the Wiimote redefines game control, by more quickly and accurately reflecting motions in a 3-D space. The Wii MotionPlus accessory attaches to the end of the Wii Remote and, combined with the accelerometer and the sensor bar, allows for more comprehensive tracking of a player's arm position and orientation, providing players with an unmatched level of precision and immersion.

Set in an future-fantasy world, Demigod is a team-based action/RPG/RTS hybrid game that casts you as a hero waging war to obtain a position within the pantheon of gods. While we already knew Demigod was coming in Feb. 2009, Stardock will be offering people who pre-order the game access to the beta in, which is scheduled to start in Aug., followed by Beta 2 in Oct. and Beta 3 in Dec,008.

Microsoft is giving consumers more gigabytes for their buck, as it announced an X360 with triple the storage space of the original, but for the old price of $349 (U.S.), at the same time dropping the previous 20GB model's price to $299 (while supplies last).

Wacky Races: Crash & Dash is an action racing game like no other, with fun-filled environments, crazy cars and hilarious characters from the Hanna-Barbera cartoon TV series including several old favorites.

Natsume announced a new original IP, Princess Debut, a rhythm and adventure game for girls, offering the chance to step through a portal into a magical world where they become a princess.

In Aksys Games' rhythm-based ice skating simulation game Princess On Ice players will be able to pick and choose which girl to skate and dance their way through the world’s premier ice skating stadiums, perfecting all the moves and striving to be crowned as the next Princess On Ice!

Aksys Games has signed Arc System Works' rhythm-based ice skating simulation game, Princess On Ice. Players will be able to pick and choose which girl to skate and dance their way through the world’s premier ice skating stadiums, perfecting all the moves and striving to be crowned as the next Princess On Ice!

The rumor of a PSP installment in Capcom's Devil May Cry franchise has been around since 2005, with the title popping up on its release list last year before disappearing again almost instantly. With mere days to go to the E3 Media & Business Summit, Devil May Cry has once again appeared on Capcom's official release schedule. Will we finally see Dante, the gunslinging demon hunter on Sony's handheld?

O-Games announced its North American lineup of titles due to be released in 2008, exemplifying a wide variety of genres aimed at players of all ages, from real life simulation and action adventure games to puzzlers and casual sports titles.

Aces of the Galaxy is an old-school arcade thrill-ride, thrusting players into epic space battles in the ultimate struggle to survive. Players take control of the gun turret on an AI-driven spaceship aiming the reticule to vaporize waves of enemies in this third person retro-arcade shooter.

Nintendo isn’t waiting to announce new titles for the Wii console and NDS until the start of E3. Classic Nintendo characters like bad-boy Wario and pink powerhouse Kirby will star in their own platform games, while A new Mystery Case Files game brings the best-selling Big Fish Games franchise to NDS for the first time.

Elite Forces: Unit 77 is a game of action and strategy in which the player must wisely use the abilities of all four members of Unit 77 as you battle your way through inhospitable jungles, scorching deserts, endure harsh and deadly arctic conditions as you fight to rescue the hostages and defeat the terrorists.

The Princess Bride Game combines animation with the best of casual, narrative and adventure games. Help Princess Buttercup and Westley manage life on the farm, outsmart Vizzini in Battle Of The Wits, use teamwork to survive The Fire Swamp, find hidden objects with Miracle Max, and collect inventory to storm the castle.

Featuring pick-up-and-play gameplay, Aces of the Galaxy is an old-school arcade thrill-ride where you are thrust into the midst of epic space battles, experiencing over-the-top action in their battle for survival!

On June 5, 2008 SCEA will introduce Qore: Presented by PlayStation Network, a monthly original program that features exclusive multimedia news, developer interviews, in-depth game previews and behind-the-scene looks at the latest PlayStation games. Subscribers will also have special access to game demos, betas, add-ons and other downloadable and game-related content.

Aces of the Galaxy is an old-school arcade thrill-ride where you take control of the gun turret on an AI-driven spaceship and vaporize waves of enemies. Roogoo, an action based-puzzler, updates the square peg in round hole premise to a whole new level, as you help the Roogoo defeat their enemies, the evil Meemoo.

Savage 2 mixes RTS with FPS, allowing players to to opt for either the fast-paced action of a shooter game, or the more tactical planning of a RTS game, with squad-based features and enhanced RPG elements. Starting today through May 26th at 11:59pm (-5 GMT) all demo accounts will have full unlimited access, a new experience ladder with prizes for the top TOTAL experience earners ranging from $250 to $50.

Based on a persistent manga-style universe, Street Gears is a massively multiplayer roller game where players can challenge each others in races or tricks contests.