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Voyager4DK said:

Will we see a price cut in EU and Japan also?

It could happend in EU when the Elite launches 24. August.

But when I look at the current prices here in Denmark, I'm not sure we will get a pricecut.

(€ divide by 7.4426 / $ divide by 5.3862)

Xbox 360 core: 2100-2300 kr (~ €390-€430 ~ $280-$310)

Wii: 2200-2500 kr. (~ €410-€465 ~ $295-$335)

Xbox 360 pre: 2700-3200 kr. (~ €500-€595 ~ $360-$430)

PS3 60Gb: 4400-4900 kr. (~ €815-€910 ~ $590-$660)

PS3 60Gb beginner pack: 4999 kr (~ €930 ~ $670)

So the 360 core is already a little cheaper than the Wii here, and the premium is a lot cheaper than the PS3.

I think you got dollars and euros mixed. €280-€310 converts to around $390-$430, so actually consoles much more expensive in EU than you said. I think there should be price cut in EU also and perhaps in Japan too..