Nope, despite the fact that they have opted to run the promotion again, Microsoft is saying that they the price cut to $349 is not permanent, despite the fact that they do not have an end date for the promotion at this time.

So after twelve days of the price of the Xbox One being $399, Microsoft has opted to return to the $349 price for the time being. The official line from Microsoft is that they have opted to start the $349 promotion of the Xbox One again to celebrate the sale success that the Xbox One had this holiday period.

If I happened to purchase my Xbox One during the twelve days between the promotion ending and it starting up again, will I get a refund? Well, this is tricky... the official Microsoft answer is "No". However, some retail outlets as well as credit cards to provide for price protection. This will be the only way you will get your $50 back.

Sources tell us that Microsoft is looking at several possibilities as far as setting the future price. If a permanent price drop comes it is likely it will come at E3. In addition it is no surprise that a revised Xbox One is being worked on that will feature a number of cost saving enhancements, but we are not sure that we will see it yet this year.