According to Xbox360Fanboy, these are the first production shots of the elusive Xbox 360 Elite, which will come standard with a 120GB hard drive and an HDMI input. Continue reading for more pictures.

A later shot was provided of the top of the hard drive, and you can barely make out the “12” in “120G HDD” due to over exposure, but with some Photoshop wizardry (Command+I, or Control+I for PC users) we were able to get the text to become more apparent

[via Xbox360Fanboy]