Sounds like the Elite has no upgraded chips or other hardware beyond the HDMI and the extra 100 Gigs of hard dive space. As a sad note, the 475 price is real, but it also turns out that the elite will be a permanent version of the 360 being offered. So, i'll wait till the price on the regular 360 drops and I'm sure the Elite will drop at the same time and I'll pick it up then.
