Rumor: 360 price drop end of March. Possible Scenarios?

[Bagaren85]

In scandinavia (Other europe, probobly the same), the price is about :

Xbox 360 Arcade - 414 $
Xbox 360 premium hdmi - 510 $ *
Xbox 360 Elite - 635 $
PS3 40 gb - 650 $

Premium is the best selling version of 360, and the price difference between it and ps3 is about 141 $.
And still, 360 sells pretty good here (Inc UK).

I would think a price cut (Yeah, it will happen soon) will drop at 380 $ * (Remeber, EU), and that should be enough to boost the sales big times in Europe, not saying it will help that much in the south part (Like spain) of this expensive continent :/