I wouldn't count on any price drops, unless it's a store exclusive offer from a retailer because of Christmas or Boxing day or New Years or something else.
The 360 premium and Elites are in short supply, many major retailers throughout North America and probably Europe are either very low on inventory or out of inventory. Here in the States, Best Buy, Circuit City, Amazon, Gamestop, they are all battling to keep the console in stock, most of them are out of stock on both models on thier websites and in many stores, so there just isn't enough inventory to make any big push with another sale.
The corporate price drop was only started a few months back, and on top of that, they just threw in the 2 free game Holiday bundles within the last 2 months, and it's a limited quantity sale, when they are gone, they are gone. With both of those two big sale pushing discounts going, I would be shocked if there were too many further sales around the holidays.
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