Xbox 360 with Kinect now $99 with annual contract at Microsoft Stores

The rumor has become real. You can now get a brand new 4GB Xbox 360 console with Kinect for $99. Of course, there's a catch--you'll have to agree to a two-year Xbox Live subscription agreement, charged at $15 a month.

The offer is being made at Microsoft Store locations nationwide. Unfortunately for many, there are only 21 locations across the US. Also, do note that taking advantage of this deal will have you spending more than buying an Xbox 360 with Kinect and two years of Xbox Live at its regular rate.

As we noted earlier, the subsidized bundle would cost $459 versus $419 buying it upfront. In addition, taking advantage of this offer may trigger a credit check, according to the terms and conditions of the promotion.

Whereas the earlier rumor suggested additional services would be added to make the $15 monthly fee more palpable (Xbox Live normally goes for about $5 a month), that does not appear to be the case. If this package included some sort of extra premium service, it certainly would be a deal. However, without one, it definitely seems less enticing.