It’s been posted everywhere else but just for the sake of completeness I may as well say it too.
Microsoft has made official the price drop on the 20 gig XBox 360, which will sell for $299 while supplies last. A new, 60 gig SKU will hit store shelves in August, going for $349. From what I’m reading its identical to the 20 gig except for, y’know, 40 more gigs. This means the Elite remains the only 360 with an HDMI port.