Larry "Major Nelson" Hryb, Director of Programming for Microsoft Gaming, has posted a video on YouTube showing off a new Xbox 360 controller. One of the newest feature is a "transformable" D-Pad. The D-Pad changes from a "DISC" to a "PLUS" with a simple twist. In addition, the analog sticks have a concave design and the A, Y, X and B buttons, no longer have colored buttons...instead, they are grey.
The controller will be available on November 9, 2010 for $64.99 in the US and sometime in February 2011 for Europe. It is only bundled with the Play-N-Charge kit and will replace current wireless controller in November. So if you're looking to get a new controller, I suggest waiting another 2 months.