I've been hearing some rumors about a new X-box 360 coming out in late spring/early summer, so I googled it and sure enough:
http://www.joystiq.com/2007/02/19/ru...-coming-may-1/
The rumors might be just be some journalist's fantasy, but supposedly retailers have been confirming that they have an SKU (Stock Keeping Unit, or placeholder) for a unit worth $479.99.
The rumors describe the new 360, codenamed Zephyr, to have a black exterior, HDMI capability, and a 120 gig harddrive.
This would be awesome for me, because my 360 is working terribly as of late.