According to an industry insider, Microsoft is planning to reduce the price of their 60GB Xbox 360 to the current price of the 20GB bundle. More details on this rumor are available in the full article.

A bit of bad news has arrived regarding the entity that's now known as Activision Blizzard. The company sent out a press wire announcing that only five of Vivendi's games are expected to be published, leaving the future of the company's other titles in question. Further details are available in the full article.

*Update* Ghostbusters is still in development.
*Update 2* Brutal Legend has also left limbo.

This week's PSN update may have brought in quite a haul in terms of Rock Band (Xbox 360, PlayStation 3) downloadables, but remember to save some of your points, folks. Harmonix has announced that next week's update will include a healthy mix of tracks from groups like Scars on Broadway, Staind, Testament, and thenewno2. Further details are available in the full article.

For the gamer, good downloadable content is one means of reigniting the fun factor they have with their favorite but otherwise well-worn titles. For Microsoft's Alvin Gendrano however, DLC more than just boosts a game's staying power, it also makes it more profitable in the long run. You can find out more on his point over in the full article.

Roadrunner Records has announced that three more DragonForce tracks are being prepared for release for the Xbox 360 and PlayStation 3 ports of Guitar Hero 3: Legends of Rock. Details on the new tracks are available in the full article.

The TVersity dev team has announced that their media server application is now running at version 1.0 RC2. Among other updates, this new build carries support for album art and support for individual Youtube videos. The rest of the changelog is available in the full article.

Download: TVersity 1.0 RC2

Electronic Arts has once again extended the deadline for its buyout offer for Take-Two Interactive's shares. While EA's persistence may impress some, Take-Two's own execs aren't as amused. More on this story in the full article.

Midway has announced that it will be merging its San Diego and Los Angeles Studios by this September. Among other things, this merger may have a direct effect on the work of the development team behind TNA iMPACT! (Microsoft Xbox 360, Sony PlayStation 3, Nintendo Wii). Further details on this announcement are available in the full article.

Capcom has announced over in the E3 their plans to create a movie based on Lost Planet (PlayStation 3, Xbox 360, and PC). As if that's not interesting enough, the company also detailed that the writer in charge of this production is somebody plenty of you should be very familiar with. Here's a clue: He's a chain-smoker, wears an eye patch, and has a strange interest in cardboard boxes. More details are available in the full article.

id Software has just unveiled a trailer for their latest Wolfenstein game for the PlayStation 3 and Xbox 360. It's short, but it's definitely worth a look if you're a big fan of this long-lived FPS franchise. The video is available over in the full article.