My Xbox 360 Got Red Ring of Death Heeeeeeeeeeeeeeelp?

Okay, 4 years ago my Xbox 360 got the Red Ring of death so I just left it there in the closet. But this year I am so obsessed with sports that I want to play NFL, MLB, and NBA games. So My Xbox 360 came with a Hard Drive and it's in good condition and in a separate place. My Xbox 360 fell and and the warranty is void. So I was thinking of buying the $119 xbox 360 that does not come with the hard drive. My question is this: Can I put the old hard drive on the new xbox 360?

Suggestion:

If it's one of the older models, the hard drive will work fine. If it's one of the new "slim" models, the hard drive will not work.

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