With the biggest shopping day of the year approaching this week, gamers are on the lookout for awesome deals. Lucky for you, Microsoft is happy to help. They've announced a whole bunch of great price reductions this week for both retail and downloadable offerings.

From Friday, November 26 until Monday, November 29, you'll be able to pick up Fable III and Halo: Reach from participating retailers for a mere $39.99 -- sizable savings for two triple-A first-party titles that were only recently released.

In addition to the physical sales, Microsoft will be offering some digital deals from Tuesday, November 23 until next Monday. Xbox Originals Grand Theft Auto: San Andreas and Halo: Combat Evolved will run a mere 400 Microsoft points ($5). You'll also be able to pick up Xbox Live Arcade titles Trials HD, Monkey Island: Special Edition, Madden NFL Arcade, and Portal: Still Alive for 400 points. Best of all, Twisted Pixel's excellent hardcore platformer 'Splosion Man will be available for a shockingly low 160 Microsoft points ($2).

Microsoft will also be offering deals on some Zune movies, including Clash of the Titans, Sex and the City 2, and Cats and Dogs 2 for 720 points ($9) and 300 for 380 points ($4.75).

The only downside to the announcement? The movie and digital download game deals will be cycled throughout the week in various daily deals. You'll need to check in each day to see what's available. Microsoft promises some extra special offerings on Black Friday itself, so definitely take a moment out of your post-Thanksgiving day of rest to log onto Xbox Live and see what's happening.