European price cut leaks verified: now starts at £129.99.

Another price cut for the Xbox 360, from Friday, 19th September, Xbox 360, which includes a 60GB hard drive and one wireless controller, will have an ERP of £169/€239 (compared to the PS3 which is £299 for the 80GB model). The Xbox 360 Elite, which comes with a 120GB hard drive, will have an ERP of £229/€299. The Xbox 360 Arcade console,will have an ERP of £129/€179 (compared to the Wii which is £179).

The Xbox 360 has been slowly losing ground to the PS3 for a while in Europe (and alot to the Wii). Will this change MS fortunes in Europe?