The rumours were all right, and now Microsoft have officially revealed a new Xbox 360 model. It's slimmer, sleeker and comes in a nice shiny black case.

While no pricing details have been announced for the UK, the US model, which comes with a 250GB Hard Drive is priced at $299 (approx 200). The new model also features built in Wi-Fi, runs a lot quieter thanks to a new PSU and is ready for Microsoft's controller-less add-on, the Kinect.

Expect discounts on the old Xbox 360 consoles to be announced in the UK shortly.