Ok so I briefly talked to Mike last night on the phone and there was a really bad connection (he's at training in Dallas). We agreed no big presents this year since we have the wedding/honeymoon next year. But things perked up finance wise for us so I was still kinda interested in giving him a nicer present for his birthday next month (nicer than 1 polo and nothing else). So he mentioned the XBOX 360. It is on par with what I was thinking before our discussion about finances. I was leaning towards the PS3 (since he has the games for the PS2 already and it's a blue ray player) but he says he definitely wants the XBOX for the games.

So please help me. I went to bestbuy.com and searched for XBOX. There are 3 types showing: Regular, Elite, and Arcade and all at different prices. What is the difference and what should I look for?