No, its the same Logitech Optical Mouseman that has been around for almost 2 years. Its the same one that came with the Logitech Cordless Freedom Optical about a year ago, but I think the one that comes with the Elite has a somewhat nicer optical engine. It doesn't come with the MX700, which is unfortunate. The cordless keyboard is nice, but the MX700 is nicer 🙂 You might want to get the Elite corded keyboard (cheap at Staples now) and the MX700 if you can't wait for a bundle with both the elite keyboard and MX700.
Chiz