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From the release:
This coming Sunday, Xbox 360 Elite, the ultimate video game and entertainment system, will hit retail shelves in North America.
Shellacked in black with metallic detail, the ultimate console features a 120GB hard drive, a high-definition multimedia interface (HDMI) port, HDMI and component cables, Xbox LIVE? headset, and an Xbox 360 wireless controller. For a great estimated retail price of $479.99 (U.S.), Xbox 360 Elite offers extensive storage room for a library of Xbox LIVE Arcade games and thousands of songs, as well as downloadable high-definition TV shows and movies available on Xbox LIVE, the number one online distributor of high-definition television and feature film content.
For existing Xbox 360 owners looking for greater storage capacity, the 120GB hard drive will also be sold as a stand-alone accessory for a suggested retail price of $179.99 (U.S.). Coordinating Xbox 360 Elite accessories, such as the black Xbox 360 wireless controller, Xbox 360 Play & Charge kit and the Xbox 360 rechargeable battery, will be available separately as well.
Those who purchase Xbox 360 Elite will get:
The following accessories for the Xbox 360 Elite console will only be sold separately:
More information is available at http://www.xbox.com/en-US/hardware/xbox360elite/default.htm.