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I think you should wait till winter (if you can) because from where I have heard the new Elite version will be coming with new nano chip with upgraded graphics proccessor. And yes with HDMI output. Its already been two years nearly and in what way theMS had released 360 this would be there Service Pack 1. But I would ask you to buy X360 only. As For the service read the blog of ALIENS1234 it would tell you enough.
http://www.gamespot.com/users/aliens1234/
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