I bought an Elite a few months ago, the 120GB drive, Falcon chip. It died a month and a half later. There were NO Elites in the area and none on the way. Best Buy let me trade down to an Arcade/Jasper chip, keep the 120 GB hard drive, keep the games that came with it, keep the HDMI cable, gave me the price difference and used the standard warranty so I got a refund on the store bought one to buy another for the new 360. YMMV