Activision Screws European Steam Customers

It seems that if you want to buy Call of Duty 4: Modern Warfare on Steam and live in the USA it will cost you $49.95, but in Europe that price is $69.95 + tax. According to the original story on gaming-resources.com, it would seem Valve have confirmed that prices on Steam are set by the publisher, in this case Activision. (thanks VE)