As the E3 Expo nears, video game-related rumors are flying, and it looks as if a considerable price drop may be planned for a certain Xbox 360 bundle. 

The Electronic Entertainment Expo, or E3, is an annual trade show for the video game and computer game industry where video game developers show off new software and hardware. The event is presented by the Entertainment Software Association (ESA), and will run from June 7 - 9 this year.

On the E3 2011 website, an advertisement link features a Target Lounge ad, which shows a Xbox 360 250GB console with Kinect bundle for $299.99. Yet, when you click on the ad, it shows that the price for the bundle on Target's website is still $399.99.

This could either be a legitimate upcoming price drop, or a mistake on the website, but many believe a price drop was scheduled for E3 anyway. 

This possible price drop has led to other rumors on forums like Cheap Ass Gamer, saying that the 4GB Xbox 360 could be phased out with a standalone price drop to $100-$150 while the 250GB standalone could likely drop to $200. 

Other rumors include Microsoft releasing a white Xbox 360 bundle, or a newer version of Kinect, which would justify the 250GB/Kinect bundle price drop. In other words, "out with the old, in with the new."

Other recent Xbox 360 deals include Microsoft's newest back-to-school deal, which gives students a free 4GB Xbox 360 console with the purchase of a $699 or higher Windows 7 computer.