Whether or not this thing comes with a 65nm CPU is unclear. However, it will come with a bunch of other features that the 'Zephyr' was rumored to have. Australian retailers should have, by the time that the PS3 is available to PAL territories, a $750 AUD black Xbox360. This Xbox360 will have an HDMI port, a 120GB hard drive, and a shiny black controller. It may be possible to get just the hard drive as an add on for existing Xbox360's later. The device will ship for $749 AUD ($585/£299/€449).
The Register's interpretation of how this black Xbox360 may look:
Source: The Register