Yes, but that the 360 slim won't be as scaled down as the Ps3 slim was.  The 360 started out slightly smaller than the PS3 in volume, and had to have two chips stacked on top of each other in order to cram as much as possible into itself.  So, the room it is getting from moving down to 45nm won't be as dramatic as the PS3 slim but I think that it will still help MS, no doubt about it.

I hope so.

Im very curious to see how a new styled "slimmer" Xbox360 will look.  I also want one.

supercat,

Slim could be just as small or smaller than the PS3 slim. From what we have heard the 360 slim has the GPU and the CPU combined on 1 chip. That should save considerable space.  Not that this really matters anyway.

Will a slim Xbox or MS console be announced? Yes

Will it happen at E3? Probably not

Will the Xbox see a price cut? No

I think that MS is going to be more conservative this time around with how much it shoves into the console relative to space and venting and so forth.    Keep in mind that two things on 1 chip would be much more of a heat maker.

i think it exists, whether or not it is announced at E3 though depends on when it can be available for retail. Anytime before September, then maybe it will be announced (with a price cut on older models). Otherwise i think it won't be at E3. 

I don't know. I haven't read about any reduction in the current chips being used which would be required to slim the box down without causing heat issues again.

2 curcuits 1 cup is a bad idea.  We all know what happened when it was 2 chicks!

I had too

The leaked Motherboard photo seems to confirm 1 chip.

Copy Sony?  Hmmpf.  Microsoft should make an even bigger Xbox 360 with added cup holder, a digital clock, and a built in mannequin head.