Microsoft and this years E3

I found this on a few sites, looks like the 360 will indeed get a bit of a re-brand with a slim version.

Slim 360 to be unveiled at e3... 360 rebrand inbound

MS will reveal a slim 360 natal bundle at one of their two (yes, two) press conferences at this year's e3.

What's more the 360 will be getting a subtle rebrand, with a new logo and black as the new primary colour of the console. They feel that the new system needs to be black because a white Natal wouldn't sit well next to the typical gloss black tv.

The new system design is pretty neat.

And Natal? Let's just say you'll probably be both very surprised and very pleased by one of the games revealed... what is it?

Might Get Shot if I were to tell.

Now, on the actual pages where it says "Might Get Shot" the MGS are all highlighted with red. MGS is Metal Gear Solid.
So if MS comes out with a slim 360, new black color. Project Natal with release games such as Fable 3 and Metal Gear Solid, that's going to be huge.
MS is definitely pulling all the stops out this year and early next year.