According to Ryan Block over at Engadget, the Xbox 360 Elite has been confirmed by some trusted sources. Too bad it’s only a standard Xbox with 120GB disk and HDMI output – I would love if they had integrated that sweet little HD DVD drive into the main unit, but that’s not happening with this one. Another let-down is that WiFi isn’t integrated either. The price will be $479 and it will be out in April/May.

Xbox 360 Elite: new, black limited edition Xbox with HDMI and 120GB drive [Engadget]