Buy the Xbox 360 Pro Console (60gb) + 4 free games for only $399 @ EB Games.
Product Information:
Xbox 360 is the fully-loaded entertainment experience right out of the box, with a 60GB hard drive, wireless controller, and headset. The HD component cable gets you gaming in high-definition. The perfect blend of powerful technology, sophisticated design and realized possibilities for the future of games and entertainment has arrived. This isn’t about incremental change. It’s a revolution. Break out of linear and limited entertainment. Leave passive, one-size-fits-all fun behind. Unleash the power of human energy. Xbox 360 inspires new ways to connect to riveting stories, to social communities, to unbridled creativity, and to living, breathing worlds. This time, you're in control.
One point to consider is that you don't get to choose the 4 free games. Kung Fu Panda and Lego Indiana Jones come in the box with the 360 pro.
This deal also comes with Gears of War and Pro Street.
Personally I prefer GAME's deal http://www.ozbargain.com.au/node/7720 with Panda / Indiana / Fable II
Or Harvey Norman's deal with Panda / Indiana / Mirror's Edge.