I'd call it a modification with upgrades to the existing. But redesign should take into account the actual design on the outside. otherwise it's too hard to market it as "redesign" to the general public who doesn't read all the spec. :P
Currently loving my Wii x2, Xbox 360 Pro & Xbox 360 Arcade, and Final Fantasy 7 Advent Children Limited "Cloud Black" 160GB PS3
GAMEFLY & GOOZEX FTW