Don't buy an Xbox 360...
Rumors of an upgraded Xbox 360--with a 120GB hard drive, HDMI port, and stylish black color--continue to gather steam.
... at least for the next six weeks. By then, the Xbox 360 "version 2" may finally be available. It seems that Game Informer magazine is reporting in its April issue that an upgraded 360 will soon be hitting store shelves, with at least some of the Kotaku (where we snagged the Game Informer page scan shown here) has confirmed with the magazine's editor that the story is legit, not an April Fool's joke. And Engadgetfollowed up with "trusted sources" who verify the crux of the story, as well as fleshing out some other tantalizing details, including the name--Xbox 360 Elite--and whether or not the new version will sport an integrated HD DVD drive and Wi-Fi adapter.goodies: 120GB hard drive (six times the current model's capacity), HDMI output, and a sweet black paint job.
The bottom line: if you're in the market for an Xbox 360, hold off. With the Xbox 360 Elite said to be hitting in late April, it may well be worth the wait.