We have another good news for the supporters and fans of HD-DVD format. After yesterday Toshiba unveiled the first US notebook with HD-DVD drive, today Microsoft slashed the price of its HD-DVD unit for Xbox 360.

Starting August 1, the ERP price of the HD-DVD player will be $179 instead of $199. Microsoft also announced the HD-DVD versiosn of “300” and TV series “Heroes”.

“With the price reduction to $179, the Xbox 360 HD DVD Player continues to be the most affordable way to enjoy high definition,” said Jeff Bell, corporate vice president of Global Marketing, Interactive Entertainment Business, Entertainment and Devices Division at Microsoft.

“From the beginning, we set out to offer Xbox 360 owners an unrivaled high-definition experience, with a choice of optical discs on the HD DVD format and digital downloads through Xbox LIVE Marketplace — both of which have a selection of the best content Hollywood has to offer.”, he added.

In addition Microsoft extended the Toshiba’s “Perfect Offer” to Xbox 360 customers. Those who will buy a HD-DVD unit during August and September will receive five HD DVD titles for free from a selection of 15 popular titles through a mail-in offer. Until now this offer was available only for Toshiba’s HD-DVD players.