PlayStation 4 just cut the price of its console by $50 a few days ago, so Microsoft is following suit. The Xbox One S has several bundles on sale to keep up with the competition.
The 500GB version of the Xbox One S is on sale for $249.99, bundled with games like Battlefield 1, FIFA '17 and Forza Horizon 3. The 1TB version is going for $299.99, coupled with the just released Halo Wars 2. Even the base Xbox One's have a few deals, with a 1TB bundle with The Division for $229. Xbox Wire has more details on the "limited time" deals.
You can jump on these deals now, or wait a few more months, as the details of the Project Scorpio console will come at E3 2017, possibly along with a price point and more defined release date than "Holiday 2017."