Walmart is gearing up for a pre-Black Friday sale of sorts this weekend, which will offer a significant discount on Microsoft's Xbox 360 Arcade. The console package, which sells for $199, will be accompanied by a free $100 gift card, effectively cutting the 360's price to $99. The Arcade unit comes with a wireless controller, 512MB of memory, and an HDMI port (no cable, though).

Some other deals include a $298 HP laptop with a 15.6" HD display, 2.2GHz Intel Celeron, 3GB of memory, a 160GB HDD and Windows 7 Home Premium, as well as several discounted home theater items. A 42" 1080p Sharp HDTV will be listed at $498, 46" for $698, and 52" for $898, while a 46" plasma HDTV from Panasonic will run $788. The Sony BDP-S360 Blu-ray player will be knocked down to $148 and a Magnavox DVD player with 1080p upconvert will be priced at $29.

The in-store sale starts at 8AM November 7 (this Saturday) and lasts for one day only.