Another X360 Price Cut

This can be a good news or bad news to you. If you don't have Microsoft's latest gaming console yet, it's good news. But if you bought an Xbox 360 recently, especially the 20GB one, you'd feel cheated by this latest announcement.
Starting from September 5, you can buy an Xbox 360 cheaper. This price cut brings a 120GB Elite Xbox 360 to $399, the 60GB model and the Core model are priced at $299 and $199 respectively.
So, a price cut is always good right? Um, no their not, because the now discontinued 20GB Xbox 360 was priced at the same $299 and it hasn't been a month since Microsoft introduced the 60GB model for $349. Now you all that bought the 20GB model recently would feel cheated, wouldn't you? I would if I were you.