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kowenicki said:
if elite drops to £169 from £229 then it will more than negate any PS3 price drop... the PS3 isn't going to drop from £299 to below £200

How do you know that? The 360 is already heavily marketted in the UK as having a £130 opening price point, marketting this to be £169 wont have an effect at all to the normal everyday customers.

It might not even boost sales that much at all. If they want to dent a possible £100 pricecut from PS3, they need to make the Elite cheaper than what the Pro was, say, £150 which doesn't seem likely at all unless the Arcade goes to £100 or less.