Iomega announced its newest addition, the Media Xporter Drive. The new drive is designed for Sony PlayStation 3 and Microsoft Xbox 360, as well as Apple computers and Windows-based PCs.

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Microsoft cut the prices of its Xbox 360 video game console in Europe by up to 28 percent on Monday to try to compete sales in the fast-growing industry. This is the second price cut for the Xbox in Europe in less than a year.

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MadCatz announced the availability of the new HDMI Conversion kit targeted for XBox 360 owners that would like have the real gaming experience in front of HDTV.

The kit can interface with analog composite AV output to be connected with digital HDMI input on your HDTV. It is claimed to be able to scale up to Full HD 1080p resolution quality from conventional analogue VGA signal. It is also compliant to HDMI version 1.3.

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Microsoft has officially given the Xbox 360 HD DVD player a price slashing by $50. This brings the player down to $129 from the $179 price tag since its release in last July.

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Microsoft Xbox 360 Dashboard update on Dec 4 will now include DivX and Xvid playback. This will enable users to download AVIs to play back their content via the console.
Others included in the system update will be social networking features plus new Game Store and Video Store download areas.
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