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Yes, this is excellent news! Eventhough the price drop is set for 26. April 02, our local Media Markt put down the price already yesterday to CHF 375.00 (GBP 150.00!!!). I already own the US-Version since 8. Dec. 01 and I would't even think about giving it back anymore. GO GET ONE NOW!!!!!!!! Play more, play Xbox.
Currys online are selling the standalone version for 199 notes and use the code DISCAPR to take off a further 10%, to bring it down to £179.40 including delivery.