Microsoft readies two versions of the Xbox 360

Microsoft’s Xbox 360 will be available in two versions costing $300 and $400 when it is launched later this year, the company says.
The announcement, which was made at the Games Convention event in Leipzig, Germany, fills in one of the last and most important pieces of information about the console.
Capable of high-definition video, the Xbox 360 is considerably more powerful than any gaming console available at present.