Xbox Live’s Major Nelson has an interview with Albert on the Xbox 360 Elite and new 120 GB Hard Drive. You can download the audio here.
The new console will feature a 120GB hard drive as well as an HDMI port. It also comes with high-definition cables, an audio adapter for use with HDMI, a wireless controller and Xbox Live headset. It will not have the smaller 65 nanometer chips, built in IPTV support or a built-in HD-DVD drive.