I guess, since I've been using it since before V1 was released, and I reviewed version 5.5 for Mac Format magazine, I might rank as a Photoshop expert.

And in my opinion, that's a spray painted Xbox 360, and a (badly) mocked up box.

That box is badly faked. Look at the peripherals images on the side! Lunacy.

i think that is fake just look at http://forum.teamxbox.com/showthread.php?t=444390
there is a black 360 and it look the same on that page all so if you look at the pic of the 360 hear there is no 120 gb hdd on it it just says hdd

definate fake! going on other rumours and evidence of the all black special edition hd-dvd drive they released, the unit will not sport any grey. by that i mean the top and bottom, along with the bottom of the controller, will all be black...

I work with photoshop for a while and I have seen enough tutorials to tell me that the box is definitely fake!
As for that specific black 360 photoshopping, its quite good, but as alexhooren stated "...the unit will not sport any grey. by that i mean the top and bottom, along with the bottom of the controller, will all be black...". Also, the color changes in a wierd and slightly ugly wayat the bottom of the controller, and I know thats a mistake Microsoft wouldn't do, also the green light is apparently darker than its supposed to be and finally, again bringing up the bottom of the controller, the black kinda pixelates off, so yes, #1.all these images are faked, #2.it is very true if this was real microsoft would be going bonkers on their site and everything that it is coming. But I believe that a black one will come out eventually...just not April 7th, unless Consolas meant that it will be unveiled April 7th but released later, then that a very different story...