I'd say go for the Elite. I'm not 100% of what improvements were made to it that are not included with the Arcade. However, I do know that the Arcade version doesn't come with a hard drive, and this is essentially a must. You don;t want to have to keep buying memory cards. Though depending on how much the hold and cost, this may or may not be cheaper in the long run considering how much you'll play. You may have to figure that one out.
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