So yeah, my warranty is probably run out on my 360, and considering my track record (THIS IS MY 3RD 360!!!), I'm thinking about upgrading to a new ELITE model.  Not only is it blacker (To look like the PS3 of course!  Fanboys...attack!), it has a bigger hard drive, HDMI support, a NEW EXTENDED WARRANTY, and again, the bigger hard drive.  I see that being handy after this fall update that will supposedly allow you to load games onto the HDD.  I also like that it supposedly runs more quiet, has the newer chip set, and doesn't RRoD quite as often.  Now, just to come up with the cash.....

I have an Elite.
It's not actually particularly quiet, but then I'm not sure how loud a non-Elite is...
But the storage space does come in handy.

I'm on my 3rd xbox 360 (one red-ring, one got stolen!) and each replacement has been a significant improvement. I now have the standard console package, but it is noticabley quiter, cooler, and had a HDMI port which my previous one didnt. I was considering getting an elite as well, but this standard one is much better than I was expecting. I guess the improvement you see will be relative to how old your console is.