It was just confirmed that Microsoft is dropping the prices on all of its Xbox 360 bundles. The Elite only dropped $30 but Core and System (Premium) are down $50! The price drop goes into effect tomorrow. Look for preowned consoles across ebay and the like to drop by this amount as well! The price drop is meant to be timed to the upcoming release of Madden 08 as a way to grab up all of those Playstation 2 Madden fans who haven’t yet upgraded to the Playstation 3. While they were at it, they also announced the Halo 3 special edition console is going to ring in at $399. Xbox just keeps getting better and better.

In other 360 news, Forza released its first DLC, some free Nissan cars and some pay to play R1s, one of which is now the fastest car in the game. They are hinting at new tracks, but nothing official yet.

It didn’t take long for all the id games to hit steam as promised at QuakeCon 2007. You can grab all of them for a very reasonable price of $62.95 or you can get all of the Quake series for 26.95.

Some other notables from id:

• id Software’s next title will be named “Rage“. It will be a post-apocalyptic style FPS/racing game. The game will most likely occupy 2 DVDs or 1 Blueray disc.
• Quake0, a free web-based version of Quake3 is currently in development.
• id Software has hired a second team of developers to work on the “Quake 0″ title along with other projects.
• A Wolfenstein movie is currently in development.

Speaking of Rage here is some HD footage from QuakeCon.

Finally, Hellgate London announced its shipping date of October 31st.