Is the release of a 60GB and Blu -Ray Xbox 360 in the works?

There have been a couple of big rumors floating around about the 360. Both of these rumors came from Trustedreviews.com. The first one is that Microsoft will be releasing a 60 GB Xbox 360 model. This seems like the most logical choice, since there is only the 20GB and the 120GB versions out there.

The second rumor is that Microsoft is working on a 360 SKU. According to the site, Microsoft has been thinking about the idea for some time, and it would be the most logical explanation to reveal the new Blu-Ray 360's.

Microsoft has not commented on either of the rumors. Also, as of right now, no other gaming news site has heard anything about these rumors. It just maybe Microsoft isn't ready to announce these features yet, but I would keep an eye on these developments.