Xbox 360 Price Drop: Europe

It was officially announced earlier today that Europe is getting in on the Xbox 360 Price Cut action. Starting this Friday, the new prices will be:

Xbox 360 Arcade €179.99 (£129.99)
Xbox 360 €239.99 (£169.99)
Xbox 360 Elite €299.99 (£229.99)

This is following up to the recent price drops in Japan and North America.