FYI...

http://www.slashgear.com/xbox-360-elite-facing-axe-for-simpler-line-up-0636751/

Dropping down to only 2 models cause retailers are having trouble moving the Elites is a good idea in todays economy.  I don't know how true this is, but it sounds possible.  Also saw there might be a bigger HDD on the horizon.

I love my brand new replaced elite! its a bit quieter than the last one, I hope it wont get the RROD again though :( oh well just off the topic rant

But the black is good. Reminds me of my PS2 :[ I would only buy an elite anyway.

Well i think it'd be good for Xbox because IMO its not that much better than the Pro for the extra cost. And with that price tag of being the same or near-same price as the PS3, some costumers have chosen the PS3 in favor. Pro model is where its at.

V-Rock is spot on......

$400 is too expensive for 360.

People only pay $400 if it has Teh CELL.

It seems unnecessary now that they've actually made the Arcade model more respectable. I would put the 20GB into the Arcade and bump up the HD in the Pro a bit and just run with those two at their current price points. Until Sony cuts their price of course.

Larger HDD for Pro model could be 120GB. An Arcade X360 model with a 60GB HDD.
BTW: The cost of the HDD is very small.

Hmms... would no Elite also mean no HDMI?