The Xbox 360 is Microsoft's latest suck ass gaming console, successor to the Xbox. It features an improved CPU, better graphics, and advanced online gaming capabilities, but none of these compare to the PlayStation 3's features and capabilities. It directly rivals Sony's PlayStation 3, and Nintendo's Wii.
The Xbox 360 Elite is an updated version of the console, with a 120gb hard drive and HDMI output. However many of the upgrades will become available individually for existing Xbox 360 consoles.