News of the Elite console has been making its way around the blogosphere and video game sites for days; Microsoft's announcement did not contain any real surprises.

Essentially, the new console, at $479, is set to include a 120-gigabyte hard drive, as well as an HDMI (High Definition Multimedia Interface) port, an HDMI cable and a wireless remote, all in black. The Elite package will not, however, include an upgrade to the Xbox 360's behemoth power supply.

The existing Xbox 360 Core package, which has no hard drive, costs $299. The Pro model, which includes a 20GB hard drive, costs $399. Users of those models who want to upgrade to the 120GB hard drive can buy it separately for $180, Microsoft said.

News.Com