At that price? I would get an Elite. More HD space, HDMI for roughly the same price. I would be tempted to wait for the Leipsig conference to finish just in case they announce pan-euro price drops or something.
I'm guessing the Elite has a new heatsink design so it won't melt in 5 minutes like other 360s? I'd be a bit tempted to trade mine in for a new model if that's the case.
Microsoft has finally stamped confirmation on the Elite and subsequent Premium and Core prices in the UK.
The new black console with its fancy HDMI port, 120GB hard drive and black peripherals will come in at GBP 299.99 (EUR 441), prompting a GBP 30 cut in the Premium pack to GBP 249.99 (EUR 367), and GBP 20 chop for the Core down to GBP 179.99 (EUR 264).
A standalone 120GB hard drive will cost you GBP 129.99 (EUR 191).
Belgian site Shizzle Games are also reporting that the 360s will be launching with new names, which were first hinted at when Flynn uncovered those 360 holiday bundles. The Elite keeps its name, but the Premium looks like it's being changed to the Xbox 360 Pro and the Core's now called the Xbox 360 Arcade.
To coincide with these changes, the Arcade is apparently coming bundled with a 360 memory card which will be pre-loaded with 5 XBLA titles (one of which looks like Pac-Man). The Pro, if this chart is to be believed, will also be sporting a new colour scheme, having a "silver finish" as opposed to the Arcade's "standard finish".