The long-rumored 120GB Xbox 360 is now official. GameJonez revealed today that pics of the new system had inadvertently been shown on the HaloWars community forums. Later in the day Joystiq posted a story confirming the late April release of the new version 360.

Aside from the 120GB HDD, the new version Xbox 360, dubbed "Zephyr", will come complete with HDMI output and HDMI cables, and of course, it's black!

It will hit store shelves in late April and retail for $479. Apparently the 120GB HDD will be offered seperately for "under $200". Well, we certainly HOPE so!

So, is this the end of the current "Core" 360? Will there now by three seperate SKU's? Will pissed off early adopters rage against the machine? Stay tuned for the fallout and the imminent blowout announcement from Microsoft themselves.