There has been emerging reports that Microsoft is going to launch an 'elite' version of their Xbox360. This is done to coincide with the 1st birthday of the console. The 'elite' Xbox360 is rumoured to be black in colour, has bigger hard drive (120 GB), has HDMI built-in and possibly an HD-DVD as well.It is expected to be sold around US$479 and only available in limited quantities. Major announcement is expected tomorrow so I guess we will have to wait and see what is up Microsoft's sleeve.
picture courtesy of TheAge
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