Engadget writes that an Xbox insider has let them know of a new version of the Xbox 360 that will be released soon, complete with HDMI, 120GB hard drive and 65nm processor.

Here's what they say: Ever wonder why Microsoft hasn't released an HDMI cable for the Xbox 360, or whether the AV port was really capable of digital out? Well, here's your answer: we landed pictures of what appears to be the second Xbox 360 - the Xbox 360 v2, if you will - codenamed Zephyr. (The original Xbox 360, if you recall, was codenamed Xenon.) The long rumored about and awaited update to the console won't just feature a new, cooler 65nm processor, it's also finally added an HDMI port for full digital 1080p pleasure, as well as a 120GB drive, just what the doctor ordered. The 120GB drive may or may not come bundled with the kit, we don't yet know, just as we also don't yet know how much a Zephyr 360 is going to run (we imagine it'll go for the same price as currently so they can keep up a little on their expanding margin). But our very kind Xbox insider seemed happy to let us know we'd be able to get them "soon."

Could an announcement perhaps take place during the International Consumer Electronics Show next week ? We'll see..

ok sorry, i didn't go through the forum thoroughly

hahahahahahaha

this is going to be awesome !!! can't wait to have zephyr

definitely wanna trade in my white box with this black box