I understand your point Alacrist and its a position I agree with on the Premium 360 model. The Elite is another animal. The Elite targets the high end market like the PS3 but it lacks an equivalent feature set. Given how much it cost the MS to produce the Elite, it should not be $480. If they want to charge $480 thats fine but it should be able to at least go feature for feature with the $500 PS3. The Elite Package should contain: X-Box 360 (Black) 120GB HDD Internal HD-DVD drive Wireless Controller/w rechargeable batter pack (Black) Play in Charge Kit (Black) HDMI port HDMI Cable Component/AV Combo cable Wifi* *If they wanted to go for the jugular, i.e. go after the $600 PS3 while being priced lower.