Microsoft is offering a free Xbox 360 4GB to high-school, college and university students when they purchase any new Windows PC priced at $699 or more. Participating retailers include Best Buy, Microsoft Stores and online, Dell.com and HP.com. Given that the Xbox 4GB retails for $199.99, that's a pretty good deal.
The promotion will run through September 10, 2011 or while supplies last. Students will need to verify their student status in order to be eligible.
For students who don't want an Xbox (or parents who would prefer their kids study 24/7), Microsoft is also offering students a 10% discount on new Windows PCs.
For more information on the free Xbox 360 and discount promotions, check out www.windows.com/freexbox.