This is an old floppy drive – could it be the basis of the new 360?
No. No it couldn’t.
According to unconfirmed sources, the SeattlePI is reporting that the “Opus” motherboards are shipping on replacement 360’s from the Xbox service department.
These boards are the ones designed to replace RRoD’d consoles that do not have HDMI. Rather than being nice and giving us free upgrades, Microsoft decided to spend their R&D money on a mid-range solution to the RRoD replacement issue. Sorry folks!