With a big Xbox 360 announcement scheduled by Bill Gates at CES this weekend, the rumor mill is starting to run mild. Keep in mind, these are just rumors, and likely made up. So you’ll have to wait for Bill’s speech to get the entire story straight.

Stuff.tv is reporting that the Xbox 360 Ultimate, yes another SKU is in the works. What does it all include? 65nm chip, 320GB hard drive (you’d think they do 360 just for kicks), 1080P HDMI, built in Wifi AND built in HD DVD drive. It even makes pancakes. It sounds nice, but it sounds pretty expensive if you ask me. I guess the question is, would we like to get another SKU, or prefer a more interesting surprise, like that motion controlled hinted at recently?

Tags: News, Rumor, Xbox360