M$ announced this morning that there will in fact be two Xbox 360 SKU's at launch. The $299 SKU ships with the unit, 1 wired controller, and TV cables. The $399 SKU ships with the unit, a 20GB HDD, 1 wireless controller, 1 headset, 1 wireless remote control, TV cables, and an ethernet cable. At this time the press conference is still ongoing, so no word yet on a launch date or confirmed launch titles. Guess I'm pre-ordering today! The $399 model is more my flavor, but once I throw in an extra controller and headset and the wifi add-on, this thing is going to run upwards of $500! Luckily I have a cool younger brother who will go "halfsies" with me on it all.