It appears the rumors of the Xbox 360 Slim may indeed be true. The news comes from Console Tribe, who found an Italian ad featuring the drastically redesigned console. Complete with built-in wi-fi, 250GB hard drive, and compatibility with Kinect, the new 360 looks pretty damned bad-ass. It does share a bit too much in common with the look of a PC cabinet, but it certainly makes sense given that Microsoft knows a thing or two about PCs.
Expect more concrete details to come in the next few days when Microsoft's actual press conference occurs. In the meantime, we'll just have to wait for the official confirmation.