Price cut rumors are always welcome, particularly when they come true. And for this one, we'll only have to wait a few more days to find out if it's bogus or not. According to this fresh TechRadar story which already spread all over the webs, the price of the Xbox 360 will be cut by €50 on 14 March in Europe. They say the reduction will apply to all Xbox 360 SKUs, and that they confirmed the story with "numerous UK retailers" - none of which agreed to go on record, though.

"This effectively means that the cost of the Xbox 360 Elite system on Amazon will be in the region of £240 (ed. - €313) and the basic Arcade system (without a hard drive) will cost in the region of £150 (ed. - €195)", TechRadar predicts.

Indeed, that would put the price of the lower-spec Xbox 360 Arcade bundle below that of a Wii console. But the numbers are still wildly fluctuating - from £150 on TechRadar, to £170 on MCV, and down to £140 for the Arcade bundle (from what MCV seems to have seen back on TechRadar... weird). Only time - and Microsoft - will tell what's the right price.

Tags:  Xbox 360, Microsoft