i don't think this pricedrop will do much more than a short time spike in europe, the arcade as entry model only gets a small drop and its already very cheap now. i don't think that price argument with price of arcade before the drop is whats holding people off from buying a 360. the most noticeable drop is for the elite so we might see more people buying the elite instead of the 60gb after the drop.
but after this drop microsoft won't have any room for noticeable drops in the future (its already nearly at ps2 price), only thing taht they can do later on would be dropping a model with harddisk to same price.







