From GAMER.tm: "Microsoft will formally announce a price cut for the 360 in Europe next week, an industry insider has confirmed.
"Speaking to GAMER.tm, the industry insider – who understandably wishes to remain anonymous – said that Microsoft is to confirm the price cut at a European event the company is due to hold during the week of 22 September.
"According to our source, the price cut was due to be one of Microsoft's major announcements at the event. Although our source added that it may not have the same impact now, following last week's Woolworths leak.
"Our source confirmed that the prices shown in the leaked Woolworths catalogue image – GBP 129.99 for the Arcade, GBP 169.99 for the 60GB model and GBP 229.99 for the Elite – were official.
"Our source also added that the leak had left Microsoft fuming, and that all of the above information came directly from Microsoft."