Ars Technica's Microsoft mole has revealed an upcoming Xbox 360 Elite bundle including Halo 3 and Fable 2 said to cost a mere $400 (the same price as the base Elite.) If the rumor is true, it seems very likely that Microsoft is phasing out the somewhat obsolete Elite (since the $299 Xbox is basically the same thing, with 60GB less storage) by offering the system in a few tempting game bundles. [Ars Technica]