People are speculating on what the gray 360 in the picture is.  Apparently a dev kit has been ruled out.

At first I assumed it was shadows but it definately looks like they have four seperate 360 models on display.  Otherwise why have a seperate stand for each one?  Introduction of a fourth sku?  A version with a HD-DVD drive built in?

It doesnt have a hd dvd built in its just a new color, cant you see 3 360's, in one side and the elite in the other, maybe this is the one with the 120gb HDD and 65nm chip.

Wow all of those 360's and not one of them with a red circle they are all green! gaps!

hehe jk. I don't think they would introduce a new SKU so soon after the Elite. it may be the new color for the elite at a cheaper price(400). Unless of course MS is trying to kill its console business.

That would be the Wii60. They took what used to be a hard drive, put the wii in there, and now the 360 has the capabilities of both

In reality, though, I would not be surprised if its a commemorative edition for halo or something? Not quite the color I would choose, but it could just be the lighting or something.

If not that, then probably one with more stuff built-in.

They look like they're in a semi-circle (looking at the bases on the floor) and are evenly spaced. I think it's a trick of the camera making the 31337 look like it stands out.

Well it could probably be *gulp* a new 360 with built in Blu_ray drive. Gosh, I would laugh my arse off!!

Yeah I guess it could be a limited edition with a Halo 3 pack-in.  Maybe one with built-in wireless?  I guess having just built-in wireless wouldn't be enough to create a seperate sku.

The fourth console has exchanged the red rings of death for a blue screen of death to match the Windows line and get console gaming that much closer to computing.

All these different versions of the same console from both microsoft and sony are really starting to give me a headache.

Please just stop it you two!

I doubt that would be the most expensive model. Surveys show black is the most desirable, they would loose potential sales of the most expensive version if black was a mid-level system everyone would want instead.