LA Times reveals pricing and package details for the Xbox 360.

According to news in the LA Times, Microsoft will release two Xbox 360 packages when the console is launched later this year. The basic package will retail for $299 and will not include a hard disk, nor will it include a wireless controller, instead shipping with a wired pad.

The second package will retail for $399 and will include a 20 Gb hard disk, wireless controller, wireless headset, Ethernet cable and remote control. No release date has been revealed, but a mid to late November date is expected.

We'll bring you news on officially confirmed prices, as well as any news on a European price and date as we hear more.

Edit: Breaking News: Official Xbox 360 Pricing Announced!