How long will it be until Microsoft counters the PS3 price cut?

[Skeeuk]

Xbox 360 Elite Console (120 GB Hard Drive) Platform: XBox 360   |   Category: Consoles   |   Release Date: 24/08/2007 RRP: £229.99   |   Our Lowest Price: £209.99 Im on my fourth console now, after the consoles keep breaking down on me, The hardware for this product is very poor manufacturing, at sometime you will get the 3 red light which means you cannot use your console at all cos it wont turn on. Even though it is Microsoft fault dint expect a free fix...

Xbox 360 Console core Platform: XBox 360   |   Category: Consoles   |   Release Date: 15/08/2008 RRP: £169.99   |   Our Lowest Price: £159.89 This console is so good. Ive had it for about 6 months, had no problems and the online gaming is so amazing!! I reccomend this console to anyone who enjoys gaming, and for value for money it easily tops the ps3 which some of my friends have. Even they are considering swapping for an xbox 360....

these are the new prices in the uk.^

http://www.find-games.co.uk/search.aspx?title=120+GB+Hard+Drive&platform=

so its £159 vs £209

they have only just increases arcade price with zero games to £159, so its anyones guess how much they can drop the elite to, possibly £199

sorry updated xbox 360 core details