Update: As half the internet is pointing out, this looks very much like 360's now-defunct HD-DVD drive.
Original: If these pictures from Dutch website GameKings are any proof, what you are seeing is the much talked about slim version of Xbox 360, literally straight out of the box by the looks of it.
The hardware, apparently codenamed "Napoleon," is compared to the present model, and is noticeably smaller and slimmer than the fat 360.
Currently, only two shots are on the site, but if they are both real, LA is going to be rock to the core come June. But as always with rumour, do take with a pinch of salt [A massive one - Ed].
This comes on the back of a rumour from a couple of weeks ago that a motherboard for a 360 Slim was snapped and uploaded onto the internet, with testing for it already finished in China. That was, however, debunked.
A slim 360 SKU has been heavily rumoured to be on the way since E3 last year, following Microsoft's Natal showing.
We'll email Microsoft on this, but as always, expect the usual.