$99 Xbox 360 Kinect bundle is official

Score another point for the rumor mill: last week's reports about a $99 Xbox 360 Kinect bundle were true. The offer went live yesterday on the Microsoft Store website. And while it doesn't look like a permanent addition to the Xbox 360 family, the details were pretty much spot on:

Microsoft outlines the offer in more detail with these four bullet points:

  • Bring offer code 885370366266 to your local Microsoft Store.
  • Sign up for 2 year subscription to Xbox Live Gold Membership* at $14.99 per month and receive a 4GB Xbox 360 with Kinect for $99.
  • Offer valid only at your local Microsoft Store.
  • Promotional offer (Microsoft may terminate this Offer at any time).

Note the last one: "Microsoft may terminate this Offer at any time." Don't get too attached to the notion of a $99 Xbox.

Other than that, though, the deal sounds pretty straightforward. Pay $99 up front, sign up for a $14.99-a-month Xbox Live Gold subscription, and you can take home an Xbox 360 and Kinect bundle (sans hard drive) right away. The downside is that you're locked in for two years, and the total cost ($459) is higher than the price of the regular Xbox 360 4GB with Kinect and two years of Xbox Live Gold ($420).

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