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Not trying to derail this topic, but I have a few questions because I am in the same boat. (A Wii owner that is looking at getting a 360) I just have a few questions.
1. What video codecs can it play? And is it possible to load new codecs if it is not a standard one?
2. How much is the online service?
3. How hard is it to remove the HD, copy the data to a larger (say 250GB) drive and reinstall it in the 360?
4. Does the 360 support wireless network connections like the Wii?

I am in the US for those that are wondering.