Yesterday’s whispers were true; it’s been confirmed this morning that Microsoft’s big black box now has a new SRP for the UK. £129.99 will now buy you one of Microsoft’s svelte(?) slimline(!?) games consoles.

"We had a great Christmas and firmly established ourselves as the number two console player in this region," said Peter Moore, Corporate Vice President, Worldwide Retail Sales and Marketing, Home and Entertainment Division, Microsoft.

So, if you're longing for an Xbox, and can't wait until next time Microsoft cut the price, now's the time to buy.