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Remember the rumor we reported on that said that extensive price cuts are in the works for the Xbox 360? Well, Major Nelson announced today that this is indeed the case, as the cuts will be official starting on September 5. Check out the new prices below:

• Xbox 360 Arcade - $199
• Xbox 360 - $299
• Xbox 360 - Elite $399

This means that the Arcade is now cheaper than the Wii, so it will be intriguing indeed to see how much of an effect this will have on the sales figures for the coming months.

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1up is reporting that Bethesda has revealed the official release dates for Fallout 3: October 28 in North America, and October 31 for Europe.

"We are very excited to let gamers get their hands on Fallout 3, the latest chapter in this beloved and highly acclaimed franchise," Bethesda President Vlatko Andonov said about the release. "To meet the huge demand for this title by our fans worldwide, we are planning one of the biggest launches of any game released this year."

As the successor to one of PC gaming's most legendary franchises, the game should be one of the most popular of the year, and it had a strong showing at this year's E3 event, where it won "Best RPG" awards from various gaming outlets. It'll be available for PC, 360, and PS3.

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Well, the achievements for the XBLA version of Mega Man 9 have been revealed, and "hardcore" might not be enough of a term to describe them.

Indeed, to collect these virtual treasures it'll take a superhuman effort, as you'll be performing such tasks as clearing the game without using any energy tanks, beating every boss with just the Mega Buster, and clearing the game without dying.

Hit the jump for a full list of what to expect.

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Been waiting for the price on the Xbox 360 to drop? Well, it's almost time to get one, as Kotaku has reported that fifty-dollar price cuts for all three SKUs (Arcade, Pro, Elite) are in the works for September. That'll bring the Arcade down to $199, the Pro down to $299, and the Elite down to $399.

This now makes the Arcade cheaper than the Wii, which will make September's NPD numbers that much more interesting when they hit in October. It's hard to say if this development can slow down the Wii juggernaut, but it could help the 360 break away from the PS3 this holiday season. It'll be fun to watch.

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Microsoft provided one of the few big announcement at this year's E3 event in the form of the news that Final Fantasy XIII is hitting the 360 as well as the PS3, but that doesn't change the fact that Square Enix is leading the game's development on the PS3 and will port the game to the 360 later, according to GameDaily.

"We haven't changed the direction of the development. We're making the PS3 version first, and then porting to the 360 later," said director Motomu Toriyama in a video shown at Japan's DK Sigma 3713 event. "I'm telling them to not think about the Xbox 360 right now. We can think about it after the development kits arrive."

As noted by GameDaily, this will likely push back the release of the game in North America even further because there will be a simultaneous release for both platforms in the West. We'll let you know if a North American release date is announced in the future.

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Universal Pictures announced today that they are in development of a game based on Universal Pictures' blockbuster action-thriller "Wanted", starring James McAvoy, Morgan Freeman and Angelina Jolie.  The game will be published worldwide by Warner Bros. Interactive Entertainment and is being developed by renowned game developer GRIN, best known for its work on the Tom Clancy: Ghost Recon Advanced Warfighter series and the upcoming Bionic Commando.

    "'Wanted' is a film with a fantastic visual style, an in-your-face attitude and edge-of-your-seat action sequences, and moviegoers around the world have resoundingly embraced it," said Bill Kispert, Vice President and General Manager, Interactive, Universal Pictures Digital Platforms Group.  "From the time we read the script and saw the film's pre-visual material, it was clear that 'Wanted' was a powerful property -- one that was well poised to deliver an engaging gaming experience.  We look forward to working closely with the film's creative team to extend 'Wanted's' mythology and to expand the story behind the Fraternity of Assassins."

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Check out the new screens for Sega's Stormrise, heading to the PlayStation 3 and Xbox 360.

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EA has released these new screenshots from Valve's upcoming co-op survival horror shooter, Left 4 Dead, coming to the Xbox 360 and PC.

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