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bugrimmar said:

first, i wanna know what the versions mean and how they differ from each other.

Arcade £150, no HDD, but it includes 5 arcade games and a 256mb memory card
20GB Pro £200, 20GB HDD and wired headset
Elite £260, 120GB HDD, black
, wired headset and HDMI cable

third, i wanna know how much they are at the present moment, and which one i should buy.

I would go for the pro, it the best value for money (you can get it £10 cheaper in most places) and it comes with everything you need

fourth, i wanna know what game(s) i must buy without getting jaded from repetitiveness.

It depends on what games you like but, here I some I would recommend:

Shooter: Gears of War (Classic)
WRPG: Mass Effect

JRPG: Lost Odyssey
Ace Combat 6

Those are the 4 exclusives that I have, and I think they are all great