For others in the world outside of the US, the Xbox 360 price drop comes as welcome news or bitter disappointment. In Canada the price of the 360 has dropped to $299, $399 and $499 respectively for the three models which is a $100 price drop. These reflect the stronger Canadian dollar and is the latest price drop/adjustment because of the economy in that country.
Europe, Australia and Japan on the other hand may have to wait for a while longer for an announcement. Perhaps during Leipzig's GC2007 this month or the Tokyo Game show this fall, but don't quote me on that.