Yesterday the first leak of a Xbox 360 V2 with HDMI (Zephyr) happened. Later reports (e.g.: Mercury News, TeamXbox - stories have been removed) have appeared that Bill Gates and Robbie Bach will actually announce the new Xbox 360 at the Microsoft Keynote on Sunday at the CES.

The new Xbox 360 will have HDMI as reported. The new Xbox 360 might also be an IPTV setop box. We will most likely hear the details tomorrow in the keynote.
The photo above is from a video that Xbox-Scene published showing a developer Xbox 360 with HDMI port in action.
Xbox-Scene also has some close-up shots from the insides of this new Xbox 360.

The Microsoft keynote at CES 2007 takes place at 6:30 p.m. PST Sunday, Jan. 7, in the Palazzo Ballroom at the Venetian Hotel in Las Vegas. See also the Microsoft At CES site.

More Xbox 360 News.