Rumor: Ars Technica Mole foretells PS3 and 360 price drops in fall

Yes, we know -- another console price drop story. Our contempt rivals your own, we assure you. However, this time around, the report comes from a source that's proven to be eerily accurate on hardware announcements in the past -- Ars Technica's unnamed "mole," a prophetic figure who managed to predict the capabilities of the PSP Go, the release of the red Resident Evil 5 Xbox 360 bundle and, most notably, last fall's universal 360 price cut.

On the Sony front, the mole is claiming that the 80GB PS3 will become scarce over the next two months, being mostly replaced by the 160GB model. As the larger model continues to sell into the fall, Sony will supposedly simultaneously announce the oft-rumored PS3 Slim and the even more oft-rumored price cut. The mole was unable to discern the exact amount that would be shaved off the price of the console, but was confident it would provide Sony with a much-needed sales boost.

For Microsoft, the mole expects the Pro system to be ushered off store shelves with the help of a few attractive Pro bundles which will crop up over the next few months. The Pro will be replaced by the 120GB Elite, which will supposedly undergo a price cut in September, followed by the release of its own bundles in October. With downloadable titles becoming a focus for both companies, turning the spotlight on consoles with larger hard drives makes sense -- but only time will tell if the Ars mole's sterling predictive reputation will persevere.