X-Box price cut in the UK?

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According to this site, Microsoft might be cutting X-Box prices in the UK by the end of this week which would put them in the same price range of GameCube console, leaving Sony's PS2 as the most expensive game system at 169.99 versus the lower 129.99 would set for the X-Box.

This hasn't been confirmed by Microsoft yet and might not apply to the rest of Europe.

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