It's about time! Microsoft finally announced the Xbox 360 Arcade (the replacement for the Core) will go on sale October 23 -- that's today, folks -- for $280. Even after being found in the wild and unboxed, Microsoft still refused to acknowledge the console's existence until this past Sunday. The console comes with a 256MB Memory Unit, a wireless controller, HDMI port, and a disc that includes five full Xbox Live Arcadegames: Boom Boom Rocket, Feeding Frenzy, Luxor 2, Pac-Man Championship, and Uno. Despite the unit having an HDMI port, it only comes with standard-def composite cables (the red, white and yellow one), instead of the high-def component/composite hybrid cables bundled with its big brothers.