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libellule said:
Note :
if Microsoft make a price cut (another one)
then yes, the price difference will help a lot the Xbox360, even in europe

Note2 :
if sony make a 100$ price cut (like in NA), then u can forget Xbox360 domination in Europe for the rest of the year (add early 2008 too

Sony's $100 price cut did not manage to overturn the Xbox 360 lead in North America, so it would be a rough go of it to determine how that might effect other localities. I think Sony is doing better in Europe than in NA, so a price drop there might have more of an effect. However, Microsoft is still performing much better than Sony in the UK, which is Europe's largest market by a considerable margin. With the software lineup this fall, I don't see that changing, even with a price drop on Sony's part -- particularly since MS has gone ahead and dropped the price on their SKUs in the EU, even though Sony did not. As long as MS controls the UK, they'll be tough to topple in the EU as a whole.

Honestly, I don't see either Microsoft or Sony 'dominating' each other in Europe in this console generation -- so far, that claim can only be made by the Wii.