The Xbox 360 just got its price cut to go along with the introduction of the new PS3 Slim console to $299 in the US. Word is coming in now that there is a new Modern Warfare 2 bundle on the horizon that will bump the price back up to $399 in the US.

A price for the UK has not yet been set, but the system will presumably be coming to Europe as well. The device is a limited edition Xbox 360 with a 250Gb HDD, two wireless controllers and a wireless headset.

Apparently, the console when it launches will only be sold at Gamestation. If there isn’t one in your town, you will need to hop online and buy one. The bundle is to launch alongside the game.