The redesigned Xbox 360 costs the same price as the existing Xbox 360 models: $200 for a 4GB model, $300 for 250GB, and $300 for a 4GB bundle with Kinect, Xbox Wire says. The new design is shipping to the US, UK, Canada, Australia and Ireland today, with more regions scheduled in the coming months.

Microsoft announced the new Xbox 360 at its E3 press conference today in Los Angeles. Along with the redesign, Xbox Live Gold members will get two free games per month until the Xbox One launches in November, and first up is Halo 3 and Assassin's Creed 2.