According to
this article, Microsoft is cutting the price to the Xbox HD-DVD drive from $170 to $120. Supposedly it comes with King Kong in HD-DVD as well. Also I guess there is a promotion for getting 5 free HD-DVD's when you buy this.
Because of the strict browsing policies at work I cannot check out the links in that article, but according to the article, they think this is a last ditch effort to sell the HD-DVD drive, because supposedly Blu-Ray is going to win the format war.
At that price I might even consider buying one as long as I get to choose the 5 free movies. Even if it is the only 5 movies I get in HD-DVD, it might be worth it. But it will be a while until I do it anyway because I just spent too much money on the parts for my new computer.