On one hand theres the Elite for $450+Tax=$472.50, I really like the black, I have a standard tv so the HDMI is useless, and i know someday when there is a homebrew community i will likely use the 120gb hdd.
On the other hand i could get the Premium for $100 less at a mere $350+Tax=$367.50, This would leave me money for any other expenses such as a game, live, some live points. However isnt as sexy and has only a 20gb hdd.
I wanted to get some other opinions so feel free to post and please vote!
The Premium consoles now have HDMI. You'd be saving like $120 by buying the Elite, because the 120gb hard drive costs around $170. That's the only difference in the two. In the long run, you'd probably save money buying Elite.
Along the lines of what Tural said, if you know you will eventually get a bigger hard drive, go with the Elite. Otherwise, I would probably get the Premium.
Tural wrote:...you'd probably save money buying Elite.
Well, that's only true if he plans on buying a 120GB HD. If he never decides to get a new HD, then the better choice would be the Premium. If it were me, with 500 big ones, the Elite would be my choice.
If you only liked the colour and never wanted a bigger HDD than I would have said buy premium and order a case mod online for it. But as it is just Buy the elite and be cool like me :p
...And then later when you tire of the off-black of the elite, buy a case mod :p