Microsoft has announced that a brand new version of the Xbox 360 console will be out in August, selling for $349. That price was also the original price of the 20GB Xbox 360 Pro until it received a price cut, bringing it to $299.

The new console will come with a 60GB hard drive and will feature a "Upscaling DVD Player", meaning that if the Xbox 360 is connected with a HDMI cable, it will upscale the DVD to a near HD standard. It will also come with a wireless controller, headset and a one-month subscription to Xbox LIVE Gold.

It is unknown if it will reach Australia, but the new console will be out in the United States and Canada. It joins the Arcade pack, which sells for $279 and comes with 256MB of memory and five Xbox LIVE arcade games; and the Elite console, which comes with a 120GB hard drive and sells for $449.