Yes, it has been rumored for a very, very long time. However, the cat is finally out of the bag. The Xbox 360 Elite is a black console with HDMI output and a 120GB hard drive. This ups on the premium console which had no HDMI output and a 20GB hard drive.

1UP did a value comparison with the PS3.

This is quite interesting. Does this have something to do with the PS3 being global? As we know, Microsoft had been acting quite weirdly at the European launch. But then, the PS3 isn’t doing so well in America as it is everywhere else.

Meanwhile, Mexico is going to try a guns-for-fun campaign to swap your small gun for an Xbox 360, or a more powerful one for a computer in an effort to take guns off streets. What an idea! And then the people with the guns can hold up the people who just got their Xbox 360’s, and have both! At least it’s a start though.