It should come as no shock that Microsoft has finally announced an upgraded version of the Xbox 360: the 'Elite'. The worst-kept secret in the videogames industry is now official, offering a 120 GB HDD, an HDMI port, and a smooth black finish for $479. The new sku drops next month, and to fill up that new hard drive Microsoft has lined up seven new partners for their Xbox Live video distribution service. Outfits like Paramount and Warner Bros. are nice to hear about, but I'm equally excited about the likes of National Geographic and ADV Films. 1up has the market cornered on commentary at the moment, with reactions from the staff there, a comparison of the new 360's value vs. the PS3, and a few words from Sony's Dave Karraker. If you're looking for even more coverage, there are several links available below. </img>