It's a 120GB hard drive, it comes with software and a cable to sync data between two drives, and it stores multimedia content. Its cost however is slightly prohibitive, making it a little hard to swallow even for hardcore gamers.
Lack of data transfer cable, XBLA game and video content DRM turn has turned some early buyers of Microsoft's tricked-out console into vocal critics; Microsoft now offering data-transfer accessory gratis.
Interested in a sneak peek of what's heading our way in the not-so-distant future? Get your dose of home A/V buzz with CNET.com.au's Consumer Electronics Show 2007 preview.
Up close with the newest member of the Xbox family -- the Xbox 360 Elite, an upgraded version of the console which comes with HDMI capabilities and a 120GB hard drive.