Last week we told you about a rumor that Microsoft was set to sell the Xbox 360 4GB Kinect for $99 with a 2-year contract?  Well folks, it’s no longer a rumor and is in fact available to any willing participant.

Some things you should know, though.  You can’t buy this Xbox 360 online.  You’ll have to hit the associated page, print the coupon and head to a Microsoft store in your area, provided you’ve got one.  Like the rumor suggested, you’ll have to sign up for an Xbox Live Gold membership at a cost of $14.99 a month, which is a significant premium over a normal Xbox Live Gold subscription (course those don’t come with a $99 Xbox).  That said, Microsoft has yet to announce if the $15 monthly service will include some additional streaming options at no additional cost, but odds are they’ll include some perks that don’t cost them too much.  You’ll have 30 days to try the service and if you’re not down, you can return it, though you can waive goodbye to your first monthly payment.  In terms of early termination fees (ETF), the first three months you’ll owe $250 if you cancel the service, which brings your total price to over $360, a fair bit above the system’s retail price.  After that period, the ETF price will drop by $12 month-over-month.  And lastly, it looks like this offer might be on a trial basis since you can only acquire it at a store, which are still few and far in between.

For clarity’s sake:

Retail cost: $420 (with 2-years of service)
2-year contract cost: $459

Christen Costa

Grew up back East, got sick of the cold and headed West. Since I was small I have been pushing buttons - both electronic and human. With an insatiable need for tech I thought "why not start a blog focusing on technology, and use my dislikes and likes to post on gadgets."