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Premium is the best option if you don't have much money to spare and don't play console games often anyway, nor download content from Xbox LIVE. Elite is the best all-round option, and it's badass looking with the matte black finish. The Halo 3 edition is really tripe; it doesn't come with Halo 3 and it's essentially the Premium in a green skin. Pretty much the only reason to get the Halo 3 edition Xbox 360 is for bragging rights since it's a limited edition so Micro$oft won't be making any more after this; still, are bragging rights worth the extra money? I guess it's up to you to decide.
I went with the Elite and it's been a great investment for me.
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