Microsoft has disclosed that it plans to sell the Xbox 360 for £209.99.
The unit is set to go on sale in Europe for €299.99 and $299.99 in the US.
In addition to a basic model, Microsoft plans to offer a premium set that includes, amongst other things, wireless controllers, a 20Gb built-in hard drive, and membership to the online gaming service Xbox Live.
The hard drive can be used to store music, save games and download bonus features such as additional levels.
Customers are charged an additional £70 or $100/€100 for the premium model.
Microsoft unveiled the price at the Games Convention in Leipzig. The Xbox 360 is slated for release later this year, but Microsoft has yet to set an exact launch date.
The original Xbox started selling for $299 at its US debut in November 2001, followed by a UK launch at £299 in March 2002 and €299 in April for the European mainland. Soon after, the company slashed prices to increase sales.
Amazon already lists the PlayStation3 in its online catalogue for $299.99, but doesn't offer a projected shipping date.
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