Microsoft is reducing the price of the Xbox games console from 14th March 2008. In Europe, there will be a drop of 80 Euros on the 20 gigabyte hard drive model, bringing it down to 270 Euros. In the UK the price cut is £40 (which is equivalent to about 52 Euros). However, this brings the price down to £149.99 (about 196 Euros), which actually makes it cheaper in the UK than in the rest of Europe. (Is that a first?) So how does this place the Xbox in the console wars? It means that it is now cheaper than the Sony ...