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"Microsoft has denied claims that it is working on a slim version of the Xbox 360, it has been reported. According to Kotaku, the platform holder will not launch a smaller iteration of the console, despite competitor Sony&amp;#039;s recent announcements on the PlayStation 3 Slim. &amp;quot;We feel like our system has done very well for us in the current form. We have no plans for a slim,&amp;quot; commented Alan Greenberg, director of product management for the console. The executive added that the platform is barely halfway into its lifecycle.  &amp;quot;We feel that we&amp;#039;re not even at the halfway point [of the Xbox 360&amp;#039;s lifecycle]. That is something we believe in strongly. People have invested in these consoles, and we have massively connected communities and we have storage. I think what we did with the New Xbox Experience is a sign of what we want to do with the console.&amp;quot; The anouncement follows news of a price drop on the Elite console, which has been reduced to \u00A3199.99. The Arcade SKU, however, will be upped to \u00A3159.99. "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/gaming/news/a174578/ms-no-slim-360-in-the-works/>