The Purpose of the Xbox 360

Itchyeyes writes: "Today, Microsoft officially announced the Xbox 360 elite, one of the worst kept secrets in gaming for the past couple of months. Details include a black case, 120gb hard drive, an HDMI cable, and a $479 price point. So far the reaction by fans an critics alike has been pretty lukewarm. There is one comment that I've seen on several sites that pretty well encompasses most peoples' feelings on the new SKU. Just who is this product aimed at? What was Microsoft's purpose in releasing this new SKU?"