Hinting at things to come, Microsoft has mentioned that the said that the European price differnce between the 360 Elite and Premium will be similar to the difference in the U.S.

The Premium and Elite retail for $399 and $479 respectively in North America, while the Premium sells for £279 in the U.K. If the difference is similar we can expect the Elite to go for around £335, although our money would go on it selling for closer to £350.

Speaking to GamesIndustry.biz UK marketing head Steve McGill said, "If you compare it to the price difference between Xbox 360 Elite and Premium in the US, you wouldn't be far off."

An announcement on the 120GB hard disk Elite is expected to come closer to its launch on August 24.