Microsoft's new lower prices for its Xbox 360 family of consoles in Europe have gone into effect today.

With a new low entry-level price of £129.99, we were interested to know if this would tip Pocket-lint readers into taking the Xbox plunge.

In our latest reader poll, we asked "Does the Xbox 360 price cut tempt you to buy?"

It seems the low pricing has just about won you over with 52% saying yes and 48% answering no.

Microsoft now describes the Xbox 360 as "the true home of mass market entertainment with something to offer for every interest and budget".

As from today, the new prices are £129.99 for the Xbox 360 Arcade console, the standard model with 60GB hard drive and one wireless controller will set gamers back £169.99.

The top-of-the-line Xbox 360 Elite, which comes with a 120GB hard drive is on sale for £229.99.