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aderoche said:

The article has an update at the bottom.

Update: It seems Sony will launch a new two-game PS3 bundle, packing Resistance: FoM and Motorstorm with an 80GB console apparently for the same $399 price. Not a price drop, but it's something. This photo of the box at retailer Target appears to confirm it. Update ends.

Target = SCEA
A major UK high street retailer = SCEE

That bundle is for US, not Europe. SCEE claim their division is actually profitable, so maybe they're in a better position to offer a price drop than SCEA. However, I find it hard to believe that they can drop the price in UK with the current exchange rate, the Eurozone isn't quite as bad though. Maybe a clearance price drop on current SKU before the introduction of a new 45nm SKU with a larger HDD is a possibility.