http://news.xbox.com/2014/12/xbox-one-final-chance-to-buy-fo…
The holidays are almost over, but there’s still time to take advantage of the special, limited-time pricing of $50 off the Xbox One Assassin’s Creed Unity Bundle and Xbox One Assassin’s Creed Unity Bundle with Kinect. For one final week, fans can purchase Xbox One starting at $349 in the U.S. until this Saturday, Jan. 3 at most major national retailers, including Amazon, Best Buy, GameStop, Microsoft Stores, Target, Toys ‘R Us and Walmart.
while this is US centric news I find it hard to believe these price pressures will not pass onto local stock.
Well, Jan 3rd is also when the Big W and Harvey Norman $388 offers expire, so I presume it'll go back to $499 RRP.