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The more that likely scenario is a 1TB X1 "fat" at $350 bundled with Halo 5. Adding a bigger HDD will allow them to keep the price at $350 and will not increase manufacturing costs by much more. In a way its like having a price cut, more value for same price, without having a price cut. Bundled with Halo 5 will push large amounts of X1s and reduce the impact of the inevitable PS4 price cut.

Can't see there being a Slim and will be surprised if they manage to do it before the PS4. Sony are the masters at slimming their consoles.

But at the same time it could very well happen. MS has to be more aggressive to have a chance to gain back lost ground