More proof has emerged of an Xbox 360 price cut tomorrow.

VG247 recently posted an article claiming that a UK retailer has confirmed a price cut is coming.

“The Elite-price will drop from £239.99 to £199.99 – the same as a Wii – with the Pro 60Gb being discontinued.

Our source says the Arcade will remain the “entry level hardware”, but the current console bundle with Sega Superstars Tennis will finish. The new Arcade SKU will launch at the suggested price of £159.99 without any software.

GameStation will be launching an Elite bundle at £199.99 with COD 4 Modern Warfare and Fight Night Round 4.

As for trade-ins, you can get an Elite for £99.99 if you put in a Wii or a 60Gb 360. Should you decide to trade-in a 160gb PS3, you’ll get the Elite for £19.99.”
So now’s a great time to buy a 360 if you have a PS3, or buy a PS3 if you have a 360.