Microsoft have just confirmed that the Xbox 360 Elite has just dropped to £199.99 in the UK alongside the Pro 60gb model being phased out.  The Arcade has seen a price increase to £159.99 and has also lost its 5 free games.  The Elite model has been reported to only include the standard AV cables as opposed to the HDMI cable that it used to ship with.  We expect that the remaining Pro consoles in circulation will drop in price over the next few days and we expect some serious bargains in the route to Christmas.