JCPenny charging $799 for Xbox 360

JCPenny is charging $799 for the Xbox 360 with no included extras. That’s a 100% markup of the MSRP, and you have to wait two weeks to receive the item from their online store. An anonymous tipster writes: “I called [JCPenny] customer service and they told me it was a corporate decision to charge this much. They were aware that the MSRP is $399, and it was not a price mistake.”

Could be cheaper than what the systems are going for on eBay, but will other retailers follow suit?