In case you have not seen it yet, I have attached a pic of it. It will have a 250 gb HDD and built in wi-fi! Bout time! It will cost $299 and there are rumors that the Elite will drop to $249 and the Arcade $149.
Thought I would also mention the Kinect aka Natal, is rumored to be priced at $150 and the games are a full 60 bucks!!! If true, that pretty much means I don't want anything to do with it!