European Xbox 360 price cuts and 120GB Elite -- starting Friday

Yes sir, Europe too is getting an Xbox price reduction announcement this morning. Starting Friday, our cultured brethren with better hair cuts will see the 20GB Premium model drops €50 to €349.99 while the disk-less Core version falls €20 to €279.99. The 24th also marks the European introduction of 120GB Elite model for €449.99. Welcome to the brave new world kids.

[Thanks, Richard and Barry T.]