Engadget managed to get a hold of a fully boxed version of the yet unannounced
Xbox Live Arcade Bundled 360. It seems on the surface to be a poorly set up sku despite including an HDMI port and a 256 MB memory card. For a speculated price of $299, there is no HDD, no HDMI cable and the six Arcade games included (at least in the Engadget version) are all demos. Seriously, why even bother to market this thing. For $50 more you get the 20 GB drive and can download the demos from Live. I guess we'll have to see once the product is announced and released by Microsoft if this is the final build.