Microsoft has confirmed that the new, 120GB-enabled Xbox 360 Elite won’t replace the Core or Premium systems, with both still to be available in the future. “At the moment there are three models of 360. They are separate models, and the Elite will not influence the other models’ availability,” a spokesperson told our sister site, Eurogamer.net.
This is good news for all those people not willing to shell out $479 for a new Xbox 360. I am still confused as to why the Core system exists though.
Source: Games Industry