We know that Jolicloud will be introducing its own netbook, the Jolibook, soon, and word is that those in the UK will be getting theirs this Friday, with a launch in other countries after that. Don’t expect the Jolibook to wow you with awesome specs, though.

There’s an Intel Atom N550 1.5GHz dual core processor, a 250GB hard drive and the Jolicloud Linux-based operating system, specially optimized to run on netbooks. The Jolibook may make a name for itself in educational institutions in the UK since Jolicloud is currently talking to education suppliers over there.

As expected, the rumors were true. This Friday, the Xbox 360 Elite will drop $100 to $300 with no HDMI cable included. While the mid-range 360 Pro will drop down to $250 from $300. The Pro will also be phased-out at this price.

Then there’s the $300 120GB Elite and the $200 Arcade, which comes with five games and 256MB memory. Let the war begin. Sony’s new PS3 Slim is the same price as the Xbox Elite. And the 80GB and 160GB PS3s are now cut to $300 and $400.