Update: Looks like the deal has been shot. Price is back up to $449.99.

Mistake or not, this is one hell of a deal. Dell of all places is selling the Xbox 360 Elite bundle that includes Forza 2 and Marvel: Ultimate Alliance for just $299.

If you recall, the Xbox 360 is rumored to receive a model-wide price reduction later next month. The price of the Elite is said to drop to $399, and even then, this deal at Dell is still $100 less. Might be wise to jump on this one quick — who knows how long it’ll last.

Xbox 360 Elite System – Massive 120 GB Hard Drive [Dell]

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Read more: Xbox 360 Elite Drops To $299 August 30,  Xbox 360 Price Cut Confirmed For Week Of September 7,  Microsoft Spicing Up Xbox Elite Bundle, Throwing In Fable 2, Halo 3 At Same Price Point,  Rumor: Microsoft Slashing 360 Price In Europe,  Microsoft Offering $50 Rebate On Xbox 360 Elite