Will a Euro price cut help MS turn the tide?

[BKK2]

Lol, 360 is cheaper in UK than US now, that must be a first for a console.

UK:

Arcade: £130 = £110 + VAT = $200 + Tax
Premium: £170 = £145 + VAT = $260 + Tax
Elite: £230 = £195 + VAT = $350 + Tax

US:

Arcade: $200 + Tax
Premium: $300 + Tax
Elite: $400 + Tax