250GB Hard Drive now available for Xbox 360

According to an advertisement posted in the Spotlight section of the Xbox Live Dashboard, Microsoft has plans to begin selling a stand-alone 250GB Hard Drive for the Xbox 360. The new Hard Drive will carry a price tag $129.99.

The official press release reads as follows:

"Available in stores today, Xbox 360 introduces the 250GB Hard Drive, which offers more space to store your favorite game and entertainment content. Available at the incredible value of $129.99, the 250GB Hard Drive offers more freedom to download the latest demos, Xbox LIVE Arcade games, full game titles with Games on Demand, TV shows, movies and more straight to your Xbox 360 console."

Xbox Live"s Larry Hryb (Major Nelson) has confirmed that the Hard Drive will come with a data transfer cable.

Speaking with Microsoft, Joystiq has received word that the price on the 120GB Hard Drive has been cut to $99.99 from its original price of $129.99.

Previously, Aaron Greenberg, Group Product Manager for Xbox 360, said that 250GB Hard Drives would remain exclusive to its bundled consoles.

"We’re always evaluating, but for now we feel like the 120 is serving us very well as the standard offering, and then having the 250 as a limited edition is a good balance. That said, we understand that game demos [and] a lot of the game add-on content does take up space."

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