£89!?

Now, Microsoft have just revealed that the HD-DVD player will cost 19,800 Yen which converted into real hard English Pounds Sterling comes to a here £89.

Now, am I wrong? Is the currency converter I used wrong too? Is that not shockingly cheap and over one hundred quids below the rumoured price?!

I'm going to be very annoyed if the HD-DVD costs more than like £100 because otherwise it'll be such a massive rip off for Europe. Again.