Rumour: lots of MS announcements next week

It looks like next week could be a busy time for 360 fans, with an industry insider claiming that Microsoft is due to make several announcements next week.

On Monday, a well place industry source informed us that Microsoft is planning to hold an event here in Europe next week, where - among other things - it was expected to announce a 360 price cut for Europe and new titles from Bungie and Rare.

Following yesterday's price cut announcement and denials from Microsoft that it's planning to hold an event at all, we checked with our source again to see what's what, with interesting results.

Our source assured us that despite the price cut announcement yesterday, the event is definitely due to go ahead next week, and that Microsoft will make lots of announcements.

http://www.gamer.tm/news.php?id=3010

I must say, Microsoft is doing a damn good job right now.
Price cuts + new 1st party games = Success.

If Sony wants to win, they need a big price cut. I mean, at $350/$400, it still was neck and neck with the cheaper 360 in several countries.