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Judging by their current bundle plans for Europe, I have to say no. It seems they will focus more on attractive bundles. European countries are going to get XB1 + 2 games for 399.99€. One is new (Fifa 15) the other is Forza 5. I'd say both games are close to 100€ in value so it's kind of a 100€ price drop (Fifa 15 is 70€), indirectly. Although..in EU they'll both be "new" in which case that'd make the games worth even more than 100€...
Anyway, yeah. "Free games", not price drops, this year.