Microsoft seems to have quietly reduced the price of the Xbox One down to $299 (USD) for the 500GB bundles. This is a $50 price reduction. The 1TB bundles are now $319, compared to the $369 it was previously.

There are those thinking to themselves, "wait, wasn't this already $299?" You would be correct. However, that was a "temporary" price drop. That reduction seems to have simply been made permanent on the Xbox site and at all retailers.