Should I get 360 Premium or Elite?

I've been saving up to get 360 and almost have the loot to pick one up.  Now that they've announced that they're putting out the Elite, should I hold out for that?  The added features are nice, but I don't have a Hi-Def tv, just a regular 27 inch tv.  Also, what do I need to connect to Xbox Live?  Sorry for all the noob questions.  Thanks in advance for the help.

Well since you don't have a high end HDTV, HDMI doesn't really matter. Unless you really really want it to be black, or you think you will need the extra 100 gigs of space, I doubt that paying more for the elite would really change a whole lot.

For xbox live you need to pay a fee, and have some type of broadband connection that you can connect your 360 to. 

Microsoft keeps a list of compatible networking hardware here:

http://www.xbox.com/en-US/support/connecttolive/xbox360/homenetworking/equipment.htm

 But I doubt that you'd have problems with other hardware.

I'll have to double-check to see if an HDTV is in my budget, might score one within the next 8-12 months. I really appreciate the input.  Thanks again for the advice. :D

if it was me i would think to the future if there is a possibility you will get an hdtv, and all that for 80$ extra i would just get the elite you would hate to get the premium upgrade in a year or so and wish you didnt. But this only matters if you plan to get this stuff if not and dont care about it of course the premium would be good KurupSoldr