60GB Xbox 360 model is in, 20GB is out?

We’re very relieved to know that the 20GB Xbox 360 model isn’t advanced enough to experience the equivalent of a mid-life crisis. Not only are a string of alleged retailer ads knocking its asking price down to $299 in July, but an Opposable Thumbs source is suggesting that the model will soon be discontinued and replaced by younger, better model packing 60 gigglebytes. Still, it’s a rumor we’ve heard before one the “usually trustworthy source” indicates will become reality during E3. Fluctuating hard drive capacities, multiple SKUs and retired models: Welcome to the current generation!

Still if the do replace the 20GB version with a 60GB version then I hope they keep the $299 price tag :-).