Possibility of a red Xbox 360 Elite in a limited edition

Microsoft fan boys/girls listen up because there are rumors floating around of Microsoft launching a limited edition red Xbox 360 Elite. Apparently, this beautiful crimson colored model is scheduled to be released in conjunction with Resident Evil 5. This gives you two things to rejoice about. At this time however, not too many details are available as the only source of information is a snapshot of the Toys R Us database. It's quite possible that the price is around $399.99. Besides this, who knows what Microsoft plans to bundle with this! We can hope that they throw in a hot red controller and a copy of Resident Evil 5 though.