Engadget have confirmed that a new Xbox 360 called 'Elite' will be released with a 120Gb HDD and an HDMI port. Black in colour, the Elite will be a limited edition costing $479. It will be available for a limited period before Premium edition consoles are modified to come with the 120Gb HDD and HDMI port. Supposedly it runs cooler than current 360's but the presence of a 65nm CPU is not confirmed. The HD DVD drive will not be bundled with Elite nor will it be embedded into the console.