Speculation was it wouldn’t be finalized in time to announce it at the European Xbox event X02, but it turns out that’s exactly where it was made official. There’s a big press release on the deal at xbox.com. The price tag for MS to gobble up Rare and several of it’s top titles? Only a mere $375 million. Rare has already updated their web page to reflect this new phase of their existence including an open letter to their fans and a profile of KAMEO: ELEMENTS OF POWER, which is their first official Xbox title due in about 6 months. Titles that Rare will be bringing over to the Xbox include: Battletoads, Killer Instinct, Blast Corps (Hairboy should be in heaven), Banjo-Kazooie, and Perfect Dark.