Microsoft's officially announced price cuts to the Xbox 360 in Europe: Arcades will now go for $230, 60GB Pros for $303 and 120GB Elites for $410 (that's €179, €239 and €299 for you Euro-zoners,) representing between 10% and 18% in price cuts. It's part of an MS strategy to "open up the ultimate in high-definition gaming and entertainment to an even wider audience" apparently, and that'll also include a new Xbox Live experience in the Fall. It's also clearly part of a "lets try and sell lots in the upcoming holiday season" strategy. [XBox360Fanboy]