We're getting reports that the rumored Xbox 360 price cuts for the UK have gone official. After our exclusive peak (pictured above) at the Woolworth's catalog, Microsoft has stepped up and slashed prices across the board for the Queen's own population of punters, boffins, and geezers. Starting Friday, the pricing drops to £130 for the Arcade, £170 for the 60GB Premium console, and £230 for the 120GB Elite.

Update: The rest of Europe too: Arcade (€180), Premium (€240), and Elite (€300).

[Via Gadgetoid]