Microsoft has officially launched the new Xbox 360 SKU. They will be producing a new $349 60GB Xbox 360, and the 20 GB version that it will slowly replace will be cut in price in the US to $299. The launch of this version will be providing the Xbox Users much more memory for things like movies, trailers and Xbox Live Arcade games – is in keeping with Microsoft’s push into downloadable content. Microsoft will be bundling the new 60GB model with a wireless gamepad, a wired headset and a one-month subscription to xbox Live. The new 60GB model will also ship with an HDMI port.

"No one device offers the depth and breadth of entertainment that Xbox 360 can deliver, and now you’ll have three times the storage to manage all that great content." saya Albert Penello, Xbox director of product management at Microsoft.