We all know about the price cut and 80 GB. Now what about Europe?

[NJ5]

Sony Europe has already said there will be an announcement at E3, which will be related to the SCEA announcement:

http://www.pro-g.co.uk/news/09-07-2007-5918.html

Now the question is... Will it be a price cut similar to what happened in America, or an introduction of the 80 GB model at a higher price than 600€? Could Sony be that stupid?