An American version is released last Wednesday but the new European XboX 360 Elite won't see the light of the day until sometime in May.

A sources close to company confirmed that they are working on it. We already wrote about XboX 360 elite here.

The new black version has 120 GB hard drive and HDMI connector and the European version wil have the same. The USA price is fixed at $479.99, while the European version might have the same price just the different currency. We expect €479.99 that converts to $640.

Everyone rips us off in Europe so why shouldn’t Microsoft and its XboX team.