Yeah, as Loaf mentioned, the EU market is a bit different; Sony have traditionally done very well here (and have a massive PS1/2 install base) even though we tend to get ranked third in preference after Japan and the US and generally shafted on price/availability. Microsoft built-up a decent lead by launching early with the 360, but the PS3 has been making some big inroads and with some recent deals here in the UK for example, I'm not surpised: 60GB PS3s for £299 or less; a steal when you consider the 80GB ones were £450+ at launch a year ago and it's also a Blue-Ray player.
I was just about to pull the trigger on the 360 elite towards the end of last year for Arena, when my graphics card conked out on my aging AGP system and I found a great deal on a Core 2 DTR laptop, which I needed more than a 360, but hopefully later this year... To get a 360 elite with extra controller, Live Camera, headset, gold account, other extra gubbins and maybe 1 game would cost nearly £500+ (US $1000+) then and until recently, so this cut is welcome, but long overdue.