It looks as if the rumors of a black Xbox 360 codenamed Elite are true. These pics are straight from the factory in China and they’ll be equipped with the beefy 120GB HDD we’ve been dreaming about. No confirmation on HDMI, but this is better than nothing. Apparently, Xbox 360 fanboy had to invert the last picture to reveal the actual tagging on top of the HD since the pics had been taken with a camera phone. Brace yourselves and put some paper down. More pics after the jump.

Xbox 360 Elite production shots [Xbox 360 Fanboy]