Report - Microsoft pulled a price-cut announcement for 360

So, Sony have announced price-cuts for the PS3, effective as of today, and the PS3 Slim. So what have Microsoft up their sleeves?

Well, a price-cut announcement of their own to the Elite, the discontinuation of the 60Gb and the price-hike of the Arcade. Or rather, there was meant to be an announcement.

According to MCV, a national electronics retailer was told by Microsoft that they were considering pulling the announcement until high stock levels of the Arcade and Elite clear from the channel.

Microsoft do have a new 360 SKU planned, but its unknown if it is just the Elite price-drop or more.

Thanks, Roybott.