The fact is that the new xbox will be out in April in the US and it is called "Elite". It will have the following:
-Black sprayed case
-HDMI socket (version 1.2, PS3 has 1.3 althought it is of little use right now)
-120 GB hard drive
and wait for it.....thats about it. So its the same crap sprayed black with a 120gig hard drive and HDMI and they decide to call this "Elite" and charge £100 more for it.
The new 65nm processors that are cooler and will produce less heat, thus less fan noise will be included in all xbox models probably 4 quarter of this year.
It is important to note that the "new" xbox has IDENTICAL motherboard etc, with only the HDMI socket being added, it is not being redesigned.
in the UK, we will be paying £300 for a console that does not include HD-DVD and wifi and still has the same 90nm processor, thus producing heat problems.