The worst kept secret has been announced. Microsoft has officially announced the Xbox 360 Elite, which is basically a black 360 with HDMI and 120GB HD.
You will also be able to buy the 120GB HD separately for existing 360 owners.
Here are the pictures.
UPDATE
The 120GB HD is $179.95. And yes, the elite come with both HDMI and Component/Composite cable. It will reach retail on Apr 29.
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