Groupon has the Microsoft Xbox 360 4GB Bundle for $199.99. (Note: This bundle does not include Kinect.
The Xbox 360 4GB bundle comes with one brand-new console, one wireless controller, two best-selling games, and a one-month Gold-level membership to Xbox Live. The included Gold-level membership to Xbox Live introduces gamers to the world of online multiplayer games and turns consoles into an internet portal for posting Facebook status updates to streaming HD videos of cats doing nothing.