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“I think there is a 360 Slim, although I don’t think they will call it Slim since the PS3 is called that. I think there is a cheaper version of the Xbox 360 console coming out. I think it will probably have a different graphics card and processor, and if it does exist they will save around $20/30 on each unit.

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Hmmm unlikely given the compatibility issues that would almost certainly arise.

More likely a reworked motherboard and a reduced die size chips.

Definitely not "DIFFERENT"

You see this is what happens when you allow non technical people to become technical analysts.