It would be easy to dismiss this rumour because of its spurious source (they know a guy who heard a guy say something?) But Gamesreports now claim that they have official confirmation from Microsoft, and they even have a price: "It's now 100% official that the Black 360, (with black controller), 120GB hard drive and HDMI is due out in Australia for AU$749 in April. They will try to push this forward to late-March to deter buyers from the March 23 PS3 launch."
To add fuel to the fire, American games blog Kotaku has done some research, and according to them calls to Myer have confirmed the rumour as true. The site also contacted Microsoft Australia, who issued the standard "at this time it's only a rumour" line.
But why would this news be broken in Australia? If this rumour is indeed true, it's quite a cover up by Microsoft to mask the release of such a major product until just a couple of months before launch. With that said, given how soon the proposed launch is, we'll know for sure within days. We'll keep you updated as more comes to hand.

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