A new report suggests that Microsoft may be considering ending sales of XBox Elite. Microsoft would quietly eliminate the remaining inventory of the Xbox Elite and move on from selling it.

The story that we are hearing goes something like this… Microsoft will stop taking orders for the Xbox 360 Elite at some point during the second quarter and allow inventory of the Elite consoles to start to run down. The majority of retailers would prefer just a low-end and a high-end console, so this change will be made during the second quarter, which is the fourth fiscal quarter for Microsoft.

Once inventory is depleted, the Elite system will move to more of a limited edition role that will be available only at select retailers, and likely only in North America and Europe. The Elite consoles that will be available in these areas sbould be more like the recent Resident Evil 5 Red Elite Limited Edition console, rather than the standard Elite package that Microsoft has offered in the past.

The Elite would apparently end up being done in by the economy. With such an expensive price tag, retailers have become weary of stocking too many Elites.

Microsoft would continue to sell them as a "Limited Edition," which might result in higher revenue for the company if they can convince hardcore gamers to spend the extra money.

Courtesy: Planet Gadgets