Analyst: Xbox 360 slim, 250GB hard drive, Natal bundle for $299 later in the year

As Project Natal‘s ‘holiday 2010’ launch nears, Microsoft is going to be releasing a redesigned 250GB Xbox 360 model with the motion device bundled in, all for the same $299 the Elite system is going for now; at least, that’s according to Wedbush analyst Michael Pachter’s best estimates.

“At a minimum, we anticipate the introduction of a more feature-packed Xbox 360 as the standard SKU in late 2010 (likely with a 250GB hard drive) at the same $299 price point,” he told investors today, “and think that Microsoft will cut price before the fall only if it begins to lose significant market share to Sony.”

“It is far more likely that we will see a slim version of the Xbox 360 with a 250GB hard drive and with Project Natal bundled into the box while maintaining the $299 price point.”

True or not, Pachter’s not alone in his beliefs. Microsoft releasing a redesigned system is “a question of when not if,” David Cole of DFC Intelligence also thinks.