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I am considering geting a 360 this summer, but I am unsure whether to get the Elite or the Premium (the difference in price is £190 vs £250).

While I do prefer the black colour, is the 120 HDD really necessary? I have the 60GB PS3 to store videos and photos to view of my TV. I also think the money would be better spent on a game, and I can always buy a black controller seperately. Also, in the UK, which is most likely to be the newer chipset? Because as far as I can tell, there is no HDMI for Premium, which would mean that it is not necessarily a newer model.

I am choosing now cause I don't have much else to do, and I assume that with the price drop, we won't see a new SKU till next year, or christmas at the very earliest