Xbox 360 Elite has enough space for a library of Xbox Live Arcade games and thousands of songs, as well as downloadable high-definition TV shows and movies available on Xbox Live Marketplace. The new 120GB hard drive also will be sold as a stand-alone accessory to give current Xbox 360 owners greater choice and flexibility in their games and entertainment experience.

Additional Xbox 360 Elite accessories, such as the black Xbox 360 Wireless Controller, Xbox 360 Play & Charge Kit, and the Xbox 360 Rechargeable Battery Pack, will be available separately. The Xbox 360 Elite and its accessories are expected to begin arriving in U.S. stores on April 29.

"Today's games and entertainment enthusiast has an insatiable appetite for digital high-definition content," said Peter Moore, corporate vice president for the Interactive Entertainment Business at Microsoft. "Xbox 360 Elite's larger hard drive and premium accessories will allow our community to enjoy all that the next generation of entertainment has to offer."

Distinguished by its black finish and signature metallic detailing, Xbox 360 Elite will have an estimated retail price of $479.99 (U.S.), and comes packed with components and accessories for the ultimate high-definition entertainment experience:

* Xbox 360 Elite console: The console is equipped with a premium black finish and three powerful core processors capable of producing the best in HD entertainment (up to 1080p), 16:9 cinematic aspect ratio, anti-aliasing for smooth textures, full surround sound, HDMI cable and DVD playback with upscaling capabilities right out of the box.
* Xbox 360 120GB hard drive: The 120GB detachable hard drive lets you save your games and store television shows, movies, music, pictures, trailers, levels, demos, and other content available from Xbox LIVE Marketplace. The hard drive is sold separately for an estimated retail price of $179.99 (U.S.).
* Xbox 360 Wireless Controller (black): This award-winning, high-performance wireless controller, now in black, features the Xbox? Guide Button for quick, in-game access to friends and music. It has a range of up to 30 feet and a battery life of 30 hours on two AA batteries. It is sold separately for an estimated retail price of $49.99 (U.S.).
* Xbox 360 headset (black): Now available in black, the headset lets you strategize or trade taunts while playing games and send voice messages to friends on Xbox Live.
* Xbox 360 HDMI cable: New to Xbox 360, HDMI allows you to get HD video (up to 1080p) and multichannel surround sound, all from one cable.
* Xbox Live Silver Membership: With this, you can chat with friends online, collect achievements and gamerscores, send and receive voice and text messages, and access Xbox Live Marketplace content such as gme demos, HD movies and TV, as well as the best in downloadable games from Xbox Live Arcade.
* One-month subscription to Xbox Live Gold: An Xbox Live Gold Membership provides a complete online entertainment experience. Subscribe to this premium service and engage in competitive online multiplayer matches, tailor your matchmaking via feedback and accomplishments, chat with more than one person at a time, and take advantage of unique privileges in the Xbox Live Marketplace and Xbox Live Arcade.

SO it has a HDMI port, a bigger hard drive, and it's black... what's the big deal again? The only thing worth noting is just the HDMI Imo. And wow, it's cheaper than a PS3. Guess what? So was my first car!

HDMI is a pretty big deal with new games and systems. I'd never buy one, but it is a nice system.

Only if you have a $1000 tv with a HDMI port on it.

Exactly.

And bluray is worth nothing unless people start making games that incorporate it