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.]