Despite my excitement, I managed to get some pictures of the out of box experience opening up the XBox 360 premium packaging.  I've got the photoset up on Flickr.  It was very well organized and easy to get into and get set up.  Once thing I thought was interesting was that the hard drive was pre-installed.

The AV cables have both component and composite connections for video, as well as analog stereo connections and an optical audio jack.  I've seen several people miss the HD/SD switch on the cable itself, which is nice when you've got the dashboard set up for 1080i, but you've taken it to grandma's who has a TV from the 40's.

I was pleased that I did not have to supply batteries for the remote or the controller.  And, when I picked up a second controller, it also came with the necessary AA's.  That's a nice touch.

Perhaps my only qualm with the hardware itself (which I should probably add to my review), is that the power supply is external, and it is enormous!  Seriously, it's really big.  And it has a large orange LED on it that gives off an eerie glow in the dark.  But, I had forgotten about it until I uploaded the pictures, so it must not be that bad.