My opinion?
Clearing stock for an xb1 mini that will straight up replace the original.
Having said that, this is a fucking firesale deal. Meaning that sales are poor, so the only way to actually clear stock is to have this bonkers deal.
I mean, look at what you're getting for 320. This does not show me a company happy with their sales.
Or they are channel-stuffed and want to clear the deck for the season bundles.