Didn't you start a rumour ages ago that was completely wrong....
Anyway, there have been rumours flying around that it will be without wi-fi, and the current models only have 2 usb ports and no memory card readers, so that is certainly possible. The one problem with this is that they have patented something so they can emulate the emotion engine, which would remove the need for the emotion engine you mention. I think there is no chance of it not being online capable out of the box, but I could see something along this line, followed by a bundle with the motion controller in the Spring
I certainly do think there is a possibility of a 40GB without wi-fi and other stuff going for







