From http://pc.watch.impress.co.jp/docs/2007/1101/xbox360.htm:
They disected the Falcon/HDMI Xbox 360 that is now being sold in Japan (the VP/FM2 bundle).
Their findings show that the Falcon CPU, and the various addons reduce the watt usage of the X360 by upto 1/3rd, or 50 watts in every area of the X360 usage (from about 150watts to 100watts).
Not only this, core temperature while running has been reduced by 10*, from about 120* (f) to under 110* (f).
So for those wondering if RROD will happen on Falcon HDMI's: it seems very unlikely. Also, with such a drastic reduction in wattage, one can just assume when Jasper comes out, what will happen. I'd definately advocate the likelyhood of a full X360 redesign, as the huge external power brick *probably* wouldn't be needed to transform so much wattage, and probably would wind up with a smaller, laptop-like brick.
Back from the dead, I'm afraid.