I guess Sony wants to drop the price only if they can strategically place another model at the higher price. The 60 GB dropped and the 80 GB was announced to release a month after.
Maybe the 80 GB isn't feasible in Europe from Sony's point of view so until they finalize the details of the 120 GB for Europe and are ready to release that, the 60 GB price won't drop. Add to the fact that since it's been out in Europe less time due to a delay, it's possible that Sony may wait until a similar time period has passed before dropping the price to 'appease' Europe's early adopters. Until then they'll give you that bundle.
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