Sometimes rumors come true, and today, one of the rumors that was floating around last week has joined the ranks of truth. Microsoft has announced today that it is selling a 4GB Xbox 360 Kinect bundle for $99 plus a $14.99/month subscription with a 2 year contract requirement. The contract even features Early Termination Fees, just like its cellphone brethren.

The sticking point to this deal is that you'll have to be located somewhere near a Microsoft Store as an associate has to scan or enter the promotional code. Additionally, the bundle will cost you $458.76 over the life of the 2 year contract whereas purchasing the device would cost only $299 and $120 for 2 years of Xbox Live Gold. And the gold is often discounted.

The contract also comes with some fine print, such as a $250 Early Termination Fee (ETF). The fee drops to $240 in month 4 and then drops by $12 every month after. This is a pretty breaking story, so stay tuned for more as it comes.