Dean Takahashi, a man with more sources inside Microsoft than out, says "several sources confirmed Microsoft plans to add this box to its product line." Then, Engadget notes a thread in Microsoft's official XNA Game Studio Express forum claims the "revised 360" will require no changes to support the HDMI output. Lastly, Xbox 360 Fanboy was tipped off to an early promotion for a 120GB hard drive "COMING SOON." So, what's the big secret again?
Read - Microsoft To Announce The Xbox 360 Elite (Dean Takahashi)
Read - XNA Game Studio Express forum
Read - Xbox 360 120GB HDD advertising appears (X360F)