Everyone rejoice! The rumors and speculation are now over, Microsoft has officially announced the upcoming availability of Xbox 360 Elite, an upgraded version of the successful gaming console, that will include a 120GB hard drive, an HDMI port, a high-definition cable, and a premium black finish for the console, wireless controller and Xbox Live headset.

The package will retail for an estimated price of $479.99 on April 29th.

Via IGN

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