What would make it "lite"?
Is it just a name or is it supposed to mean something?
Anyway this is a bad idea. Release a new Xbox 360 so close to Xbox 720 will risk cannibalization. It will be confusing to consumers.
Example:
Little Kid: "Wait so which one is the new Xbox? The Lite or the Loop?"
Walmart Employee: Both are new! If you are poor you get the Lite!
Little Kid: Dad, are we poor?
Dad: No, son!
Kid: Then can I have the Xbox Loop? It only cost $399.
Dad: ......
Walmart: Sir? There's people waiting..
Dad: I'll take the Xbox Loop :(







