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I think it refers to the xbox 360 variant...
Quote:
There has been a lot of speculation as to how the rumored 60gb hard drive would impact the established hardware in the Xbox 360 lineup. Thanks to some leaked info, we have the complete details. ...

Below is a portion of an email being sent out to GameStop and Blockbuster buyers (logistical people handling what the store actually stocks). The email has the complete details on the 60gb hard drive and what will happen to the 20gb and 120gb hard drives. Email follows:

With the introduction of the 60GB Pro console in July, we have research that suggests it is very important to have a 60GB stand alone Hard Drive to go along with it to allow the consumer a full range of choices and values. In late October/early November (exact date TBD but most likely last week in October or 1st week in November), we will ship the Xbox 360 60GB Hard Drive, tentatively called the “Xbox 360 60GB LIVE Starter Packâ€. This will be an excellent value price at and ERP of $99.99 with an 18% retail margin that contains:



· 60GB Hard Drive

· 3 Months of Xbox Live

· Xbox 360 Wired Headset

· Xbox 360 Ethernet Cable (same one that is included with Pro and Elite)

Positioning: For Xbox 360 Arcade and Core console owners, the Xbox 360 60GB Live Starter Pack offers all of the components to get onto Xbox LIVE and jump in to on line multiplayer gaming and Marketplace content downloads at an incredible value.

With the end of life of the 20GB Hard Drive and the price drop of the 120GB Hard Drive to $149.99 in September, this new 60GB hard drive will fit very well into our “Choice and Value†pillar and will fit nicely into our accessory line up. Exact SKU/UPC/Set up info will come soon and once we nail down the exact MSD, I will let you all know immediately.

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Source

The XBF Take: How is 150 bucks a good deal for 120 gigs of storage? But at least this 60gb will give new comers a decent setup and enough space to enjoy XBL. But then again, XBLA games keep getting bigger. When will we get a large HDD at a low price? We'll relay more information as soon as we have it.