Source: http://arstechnica.com/gaming/2014/03/x ... retailers/
Several retailers are slashing the price of the Xbox One. Microsoft retail stores, along with Walmart, Target, Best Buy, and Amazon are selling the new console for $450 which includes the Titanfall bundle or the regular version which includes a Forza Motorsport 5 download code.
I think this is closer to where the price should be. I hope Microsoft makes the price cut official.