xbox 360 elite price drop?

does anyone know when exactly the price drop is gonna be?
there is a video game store near me that is having a sale on the xbox 360 elite for $419.99
should i wait for the rumored price drop or buy it now? any suggestions? all the big stores still sell it for $449.99
im located in long island, new york

Wait for a rumor price drop. Buy it with a real price drop. Hmm...