From engadget.com:
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Amazon Germany, who previously listed the PlayStation 3 Slim a good 20 days before the official debut, has gone ahead and posted a new Xbox 360 model, ASIN in tow, with a 250GB HDD, two wireless controllers, and Forza Motorsport 3. Price is listed at 279 euros ($397), a good 30 euros over the current Elite price. No release date, but Forza 3 isn’t due out until at least October 23rd so we’d say you got awhile to wait and see if this pans out.
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Full Story: engadget.com and amazon.de

From kotaku.com:
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There are no plans for a slimmed down version of the Xbox 360, Microsoft’s Aaron Greenberg told Kotaku.

“We feel like our system has done very well for us in the current form,” said Greenberg, director of product management for the Xbox 360. “We have no plans for a slim.”
“We feel that we’re not even at the halfway point (of the Xbox 360′s life cycle),” he said.
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Full Story: kotaku.com