Following an Xbox 360 price cut announcement this morning, Microsoft has confirmed that its Xbox 360 Elite games system will be released in the UK this Friday.

The upgraded system, which will feature a 120Gb hard drive and a high-definition multimedia interface port (HDMI), is aimed at the growing number of gamers who want a "luxury" option and own a HD-ready television.

“The Xbox 360 Elite, with its large hard drive and wireless controller, will appeal to casual and experienced gamers and families.,” said Stephen McGill, Head of Gaming & Entertainment at Xbox UK. “The Xbox 360 opens up whole new avenues of entertainment for those who seek the ultimate gaming and entertainment experience.

The Xbox 360 Elite will carry a suggested retail price of £299.99.