The thing is that I plan on getting a chipped version to play backup games when I’m not on Live. Chipped versions are not illegal in Denmark, but pirating of course is (I’m not going to pirate games). I have a choice between one without a HD for 560$ and a Elite version for 930$, so that’s 370$ for bascially a nicer color (black), a wireless controller and a HD (both come with a 2 year warranty even though they’re chipped, which explain the rather steep prices).
As I understand it no games utilize the HD for caching etc. for now, which makes it a rather expensive proposition. But then again using Live might prove to be fun. I’m having quite a hard time making up my mind :-)