Halo 3 and Joystiq's 2008 game of the year pick, Fable II. The M-rated bundle is priced at $399, making the two million-plus unit selling pack-in titles free of charge.
Those of you keeping score at home will remember rumors of an elite bundle, which was set to include the two Microsoft Game Studios powerhouse titles, had been floating around the web earlier this month. Microsoft, continuing a long history of totally being able to keep a secret, confirmed the bundle today via Major Nelson's blog.
Update: Major Nelson has clarified this bundle will be available in all regions where Xbox 360 is sold, except those in Europe.