Sainsburys’s today announced plans to slash the price of the 360 Arcade from £129 to £99.97, marking the first time one of the big three consoles have fallen past the magical £100 barrier, I imagine Sainsbury’s will sell a lot of consoles over the next week. For that is all the time you have, the offer is set to end on Oct 12th.

But wait there’s more!

The 60GB 360 and the Wii are also receiving the equivalent discount. The 60GB 360 will be going for £139.97 (which is unbelievably cheap if you ask me) and the Wii for £149.97. Now I’m not encouraging anyone to start a riot, but hurry! I imagine stock will be limited, especially on those pesky Wiis.

If you’re in the market for a new console then it looks like now’s a great time to invest. The Xbox 360 has recently received a price cut, making the basic arcade model a measly £129.99 delivered. To put that into perspective; The Playstation 3 currently costs £399.99 and the Wii comes in at around £179.99.

As you’ll probably be interested in a beefier SKU, the 60Gb Premium model now costs £169.99 (still cheaper than the Wii) and the Elite, £229.99.

For more details and a pictorial representation of what you’re getting for your money, hit the jump.

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