I think that is a rip off. At that price i would buy the lower end ps3 and get a bluray player. It would be smarter just to buy an external hd. HDMI, pfft. I am pretty sure all of 360 games to 1080i at best, usually 720p, and component cables can do that just fine. If they only do the 480 price to lauch the black models, and then quickly lower the premium to say 350 and put the elite at 400 then it's a good deal. But three skus, that sounds stupid.