Looks like Microsoft is timing a Xbox 360 price-cut to hit when Sony is releasing the PS3 in Europe.

The Inquirer has a scan of a makro ad showing the Microsoft Xbox 360 Premium for only £199.99. This is less than half UK gamers have to pay for the new Sony PS3.

Steve Ballmer also mentioned a potential Xbox 360 price-cut in this interview last week.
Anything (black Xbox 360, price cuts) that Microsoft is trying to disrupt the Sony PS3 launch in Europe might be too late already. The Sony PS3 is already in the UK the most pre-ordered console ever for retailer Play reports Games Industry. We reported on the weekend that the Sony PS3 is leading the video game top seller chart on Amazon UK as well.