Currently, I have the older model Xbox 360 with a 60GB hard drive. Today browsing the Sears clearance section, I noticed that they had the 60GB LIVE bundle marked down to $19.99 (60GB hard drive, mic, and 3 Month Gold card). Since the bundle comes with a 3 month LIVE card and I needed to renew soon anyway, I went ahead and got it. So now I have two 60GB drives. In the future, when I obtain the newer model 360, will I be able to transfer the data from both drives over to the new "S" hard drive easily? Thanks.

As long as you have the data transfer cable you should be ok. I think the transfer software just copies all the data to the new 360 and then wipes the old drive.

It worked for me. Old Drive. 360 S. Transfer cable. Maybe a couple DEMO LIVE games didn't transfer but that was it.