Microsoft has cut the price on its Xbox 360 HD-DVD add-on from $179.99 to $129.99. The price cut goes into effect today across Canada, Australia, the United States, and New Zealand. Buy the add-on now, and you’ll be eligible for Microsoft’s five free HD-DVD offer.

Not a bad deal, but not a good deal either considering HD-DVD is on losing end of the format war right now.

Xbox 360 HD DVD Player price drop (now US $129.99) [Major Nelson]

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