^ I buy most of my games from the UK and I don't think it's that bad. Most new PS3 games are $60 in the US and £40 in the UK so there really isn't much of a difference The prices over here are terrible though... most new games are close to 70€ (more than £80 / $90).
Man, and I thought prices in Canada were bad. I do remember in the early 90's paying over $80 for a primitive animation software, something which would be considered in the range of $60 today.
I guess this could be part of the reason why the EU is getting better PS+ game selections than in NA, in trying to make it up to people.