XBox 360 Slim to be announced at E3?

Gofanboy has conjectured that Microsoft will finally announce plans for an XBox 360 Slim at E3 this June, and rumor has it that "fat" XBox 360s will be liquidated at the low price of $149 to make room for the updated system. This comes on the heels of the recent XBox 360 news of a firmware update to allow USB storage capability, affording gamers with a greater degree of flexibility in hard drive choice as they would not need the pricier higher-capacity 360 to have access to more space. From this information, it looks like Microsoft is making a strong attempt to lower manufacturing costs, allowing them to decrease retail pricing to make their console more cost-accessible to gamers. Efficiency of this sort can only be a positive thing for consumers, and the implied future increase in console sales would mean greater market share and the potential for increased profits for Microsoft. It's a win-win; nice work, Microsoft.