This blows for everyone who already owns a 360, especially those who bought one since the Holiday season '06. I just got mine in January '07.
I paid $400.00.
If I want to add the 120GB HDD (which I do), M$ is making me spend $180.00 for it.
$180.00 for a 120GB HDD. Insane pricing. Should be $80.00. They are legitimizing it because they sell their 20gb HDD for $100 (which is even MORE crazy).
So, my total cost for just my 360 and the 120gb HDD will be $580.00, which is $100 MORE than the Elite will sell for, plus the Elite has HDMI output.
My arse really hurts today...$20.00 more and I could've just got the PS3 I really wanted all along...and here I thought I was being more fiscally responsible.