Is this what the new Xbox will look like? Sources confirm that this is a prototype model taken with a camera phone in late development stages. I think it looks pretty cool, but it's not practical for a gaming system. Everyone is use to the typical flat look of consoles. I will post more about this when it becomes available.

Source

A Comment from Ryo:
I have read more and this prototype is a 'decoy'. It is interesting to see all the different designs M$ has come up with before the final look is revealed. I have also read the size of the Xbox 2 is much smaller than the original, where the size is said to be in between the new PSTwo and the original PS2.