Earlier today we reported that three Xbox Live games for Windows Phone 7 dropped in price. As it turns out, one of those price drops is only temporary. Don’t worry , it’s actually good news!

Today marks the beginning of the Xbox Live Deal of the Week program. A similar program has already proven extremely successful on the Xbox 360. Every Wednesday, a different Xbox Live title will go on sale for one week only. The focus is on games that may have passed under gamers’ radars. The Deal of the Week program will give these titles a chance to shine. Unlike the Xbox 360's Deal of the Week - which is only available to Xbox Live Gold members -Windows Phone 7 Deals of the Week will be open to all Windows Phone 7 users.

This week’s Deal of the Week is Frogger from Konami Digital Entertainment. Frogger is on sale for $1.99 – 33% off its regular price of $2.99. The Windows Phone 7 version of Frogger is a faithful HD remake of Konami’s 1981 arcade game. The objective is simple: help frogs cross the dangerous highway and river to reach their homes.

We had wondered if $1.99 could be a new standard price point for Xbox Live titles (which currently come in $2.99, $4.99, or $6.99 varieties), but now we know that’s not the case. Still, it’s great to see Microsoft giving gamers a break and helping older titles reach a new audience with lower prices. The mobile Deal of the Week does not currently have a dedicated webpage, but that should be rectified soon. In the meantime, WPCentral will keep you informed about every Xbox Live deal and price drop.

Thanks to Karl Stricker at Microsoft and Alexandria Akhavan at Edelman for letting us know about the program.