The price will be 299$ with the older units getting a price drop. The new model is already shipping to stores and you should be able to find them on shelves later this week. The system will include a 250GB removable hard drive, but from what we have seen it is not compatible with older hard drives or older systems. Perhaps they will release an adapter later on.
With the 'sleek' new design we will have some new hardware additions as well. The system will have a built in Wireless N card, meaning no more stupid 100$ USB adapters (although you will need a new system). Another new addition is with the optical audio port being on the system itself. This means you will no longer need to buy the official Microsoft HDMI cable in order to hook up your surround sound. This system will also have 5 USB 2.0 ports, 3 on the back of the unit and 2 on the front. The power cable will be completely different, hopefully we will have a smaller outer power supply as well then. This only means that the system should use less power which means it should be less prone to overheating issues.
The system will have no support for the current Memory Units. You must now use a USB Flash Drive if you want to carry your save files/gamertag around. Also while the hard drive is removable, it will only fit in other slim systems. You will have the ability to transfer content from an older 360 using a USB Flash Drive or a transfer kit that they will sell for roughly 20$.
The power button is no longer a button. Instead it is a touch 'button' similar to the power buttons on the older PS3 models.
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