There are also other bundles which include different games:
360 Elite console + GTA IV + Halo
360 Elite console + Top Spin 3 + GRID Race Driver
You can also get the Premium and Arcade versions of the console with the same bundles (priced accordingly).
Saves £50 over buying the games seperately.
Deals are available online, online with click and collect and available in stores too.
I bought the 360 Elite with GTA IV + BF Bad Company yesterday before the bundles changed. I'm planning on taking BF Bad Company back once I've played through it and I'll be able to get £22 part exchange for it. Given that the console on it's own is £259.99, I'll have only effectively paid £8 for GTA IV !
It's also worth buying one of their reward cards before you purchase the console - it costs £3 as a one off payment for life and you'll then earn £7.25 on the bundle - so the reward card will have paid for itself.
Once I've included the part exchange price for the 2nd game I don't want (£22) with the reward points (£7.25 - £3 = £4.25) - I've got the console with GTA IV for £289.99 and I've got £26.25 worth of in store credit for more games / accessories...
Alternatively, you could keep the 2nd game sealed and sell it as new on ebay or elsewhere...
Anyway, all in all a very good deal regardless of what you do with the games!
Note: added a further £3 off voucher - not sure if it works...
Extra note: this is my 1st post so please be nice!