The press release from Microsoft dropped in my inbox this morning announcing that on Friday 19th September the price of the Xbox 360 will officially drop!! The new price in the UK for the Arcade pack will be £129.99, the 60Gb Pro/Premium will be £169.99 and the Elite will be £229.99.

“With more games, more entertainment with Xbox LIVE and now even more value, we are looking forward to welcoming more customers into the leading Next Generation console, Xbox 360.” – Neil Thompson, Senior Regional Director, Microsoft UK.

The new prices match those shown in the new Woolworths catalogue pictures posted at the weekend. Hopefully online retailers will drop the prices a bit more or bundle games with the consoles.