One of the worst kept secrets has finally come into the light today, Microsoft has announced that it has indeed launched a subsidized Xbox 360 bundled with Kinect for $99. The catch is that you have to sign a two year contract that will require you to pay $15 a month for Xbox Live Gold Membership. The deal itself comes out to be around $40 more in the long run, but its spread out over the course of two years. So depending on your income, this could potentially be a great deal, because the cost up front for an Xbox 360 with a Kinect and a year of Xbox Live would be $360 plus tax. Some people might look at only paying $99 up front as a steal.