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The PS3's are different models though.

The 60GB with BC was £425, then it got a price cut to £350. Then the 40GB without BC was introduced at £300, which has now changed to an 80GB without BC, which is still £300.

So if I took the launch price of the premium 360, which was £280 and compared it to the arcade price now, which is £130, then thats a price cut of £150. But that would be unfair.

So basically the PS3 has had a price cut of £75 and introduced a cheaper model, in 18 months.