At a press event today, Microsoft unveiled a slimmer, cheaper Xbox 360 that will be released later this week for $299. Besides a sleeker design, the new console will include built-in WiFi-- the current box requires a peripheral WiFi antenna-- and 250GB harddrive. Microsoft also surprised the audience with the announcement they'd be sending everyone in attendance-- some 1,000 members of the media--  a new 360.

It used to breath.  It now holds its breath. Designed by Scott Wilson.