England has been rocked by yet another episode of soccer hooliganism, but no matter: MCV has confirmed the Xbox 360 price cut will be announced tomorrow. Note the wording: the price cut itself won’t happen tomorrow, just that Microsoft will announce what’s what.

More evidence that the Xbox 360 will be getting a price cut of some sort in the next few days. This ad, from Target, shows the Xbox 360 Elite at $299 (down from $399) and the Xbox 360 Pro at $250.

So, the other week Game Informer published the results of a reader poll that found the Xbox 360 has a 54 percent failure rate. In typical PR fashion, Microsoft sent along the following statement to TG Daily defending the awesomeness of the Xbox 360 console.

Now, this isn’t scientific data, especially since we know that Microsoft hides that data from prying eyes, but it’s more than supposition. Game Informer did a poll and found that the 360 has the highest failure rate of any of the consoles at 54% — not exactly the most unexpected news, but putting a number on it is kind of sobering.

The survey (which is print-only or I’d link it) also notes that the 360 gets a bit more playtime than its competitors, which might account for a bit more failure, but the PS3 was failing at 11% and the Wii at 7%. Hide that!

Microsoft will raise the price of the Xbox 360 in the UK in order to “counteract the poor pound-to-Euro currency exchange rate.” UK gamers will have to pay £159.99 ($260) for the Arcade model, up from £129.99 ($211).

When you get home from work today, or get out of bed, the Xbox 360 Dashboard update will be ready to go. (I’m holding out on updating for a few days; I’m no man’s guinea pig!) It’s pretty exciting.

I love it when publishers bundle a couple or more classic titles from the lineup for a discounted price, don’t you? Capcom has just announced the Platinum Hits Triple Pack for a late summer launch that includes Dead Rising, Lost Planet: Extreme Condition – Colonies Edition and Devil May Cry 4. I haven’t spent too much time with Dead Rising but I’ve played the others and all three together are definitely worth it for $40. Look for the Platinum Hits Triple Pack from Capcom beginning September 8.

Take a close look at the box on the right. It’s an Xbox 360 Arcade, but one that only mentions the Arcade and Elite models. The implication, of course, is that Microsoft is phasing out the Pro model.

The latest update to the Xbox 360 dashboard comes out next week (August 11), a few more details of what to expect have surfaced. More movies, more Avatar accessories, downloadable Xbox 360 games, etc. Looks to be good stuff for those of you who actually use the Dashboard.

Clever users with the beta of the new Xbox 360 NXE-thing have noticed something: the size of game installs on the hard drive have decreased. So, good news for those of you with smaller hard drives. (I’m still kicking about with the old school 20GB hard drive. I soldier on.)

Losing sleep over rumors that Gearbox may be working on a Halo title for the Xbox 360? Rest easy, friend. 343 Industries byway of HaloWaypoint’s Twitter account announced that Gearbox is not working on a Halo title for Microsoft.

THQ, fresh off winning a whole bunch of dollars at the expense of toy maker Jakks Pacific re: WWE video games, said yesterday that Microsoft’s Project Natal will launch “late next year.” And if you believe that…

“There was a boy tending the sheep who would continually go up to the embankment and shout, ‘Help, there’s a wolf!’ The farmers would all come running only to find out that what the boy said was not true. Then one day there really was a wolf but when the boy shouted, they didn’t believe him and no one came to his aid. The whole flock was eaten by the wolf.”

Bungie has said that Halo: Reach will be the last Halo game it works on for the Xbox 360.

News from the East. It looks like Microsoft is all set to produce Project Natal-equipped Xbox 360s by the second half of 2010. Might as well circle your calendar. California-based Aptina will produce the 1.3-megapixel CMOS sensor required to get Project Natal up and running. (That’s it. Don’t click “Read More” because there isn’t more.)

I don’t quite see the appeal of Epic and Chair’s upcoming XBLA title Shadow Complex that was announced at E3, but I guess it’s because I think of Gears of War and Unreal Tournament whenever Epic comes up. Nevertheless, August 19th is fast approaching and Epic revealed the achievements today. Hit the jump for the latest gameplay trailer and the 12 achievements for Shadow Complex.