To celebrate the release of Resident Evil 5 next month, Microsoft today announced a new red flavor of Xbox 360 that will accompany the game in a limited edition bundle.

Set for release on March 13, the bundle will include a red-colored Xbox 360 Elite console with a 120GB hard drive, a copy of Resident Evil 5 and a couple of extras for $399 – the same price as the regular Elite model.

The bundle will come with Super Street Fighter II Turbo HD Remix, an exclusive Resident Evil premium theme, HD AV, HDMI and Ethernet cables and more.