I've known this was coming for a while. [Ben]'s been working hard on this for a while. He's built his second Xbox 360 laptop. But this time he's putting up a three part How-To series on building it for engadget. Here's a nice gallery of hi-res project pics. As usual, I'll let you know when they're posted. Aside from the new color scheme, this one features six fans instead of water cooling - so it should be easier for the how-to reader to construct their own.
http://www.hackaday.com/2007/04/17/ben-hecks-xbox-360-laptop-mk-ii/