NewEgg has the new Microsoft Xbox 360 4 GB in black, model no. RKB-00001, bundled with a $50 NewEgg Card for $199.99 with Free Shipping for a limited time. Deal expires May 30, 2011.

This Microsoft’s newly redesigned Xbox 360 console. It features built-in 802.11n wireless, 4GB of internal storage, dedicated Kinect Sensor port, and more. This console includes a black wireless controller, composite AV cable, and 1-month Xbox LIVE Gold membership.