As I mentioned in another thread, it does not surprise me that the HDMI 360 was not mentioned in the keynote. The amount of stuff that microsoft is dishing out (including vista) the HDMI 360 is (in my opinion, and probably theirs) not as important as some of the other stuff covered in the keynote.
The whole keynote was about connectivity and progress, not hardware updates to the 360, that affect a very small percentage of users.
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