So apparantly, according to a poster on NeoGaf, this months Game Informer has a 2 page spread on this new 360. Details are:
120GB HDD
Black color
HDMI Port
$479.99

If true then I'll be buying this instead of a PS3. The only question I have is this is the April issue of Game Informer. Game mags and websites tend to have April Fools Jokes.....so this could be a big joke. I guess we'll just have to wait and see.