The rumors are true. The Xbox 360 Elite ($480; April 29) brings the 360 more in line with the PS3's capabilities — and price. This new black version of the Xbox 360 packs in upgrades like a 120GB Hard Drive ($180 Separately) and HDMI 1080p output, while the rest of the 360 features (which are still fairly impressive) stay the same. The bad news? It doesn't add a ton of new features for current 360 owners. The good news? It actually has enough storage to make Xbox Live Marketplace make sense, and HDMI output is just icing on top.