The long wait is over. The Xbox 360 Elite is now confirmed by Microsoft as of 9:01 PM PST tonight. Yes, it has HDMI. Yes, it has a 120GB hard drive. And yes, the Elite is Black. xyHD.tv has photos and all the Xbox 360 Elite details. No word on when you can buy the 120GB drive for your existing Xbox 360, although I hope it’s soon since the new Oblivion download eats up an entire gigabyte of space.