Rumor: New $100 Xbox 360 & Kinect Bundle Coming Soon with 2 Year Subscription

So you still don't own an Xbox 360 even after nearly 7 years since its been released? Think Microsoft has given up on converting you? Well, don't count on it. The Verge has uncovered some juicy details about a new pricing model that is sure to entice some new customers to the Xbox name.

While people are looking ahead to the next generation of game consoles, with Nintendo's Wii U leading the pack, Microsoft is doing good on its promise that they are still heavily committed to the current Xbox.

News came out yesterday that suggests a new Xbox / Kinect bundle could be launched as soon as next week, and at the low, low price of only $100! Say what? Yeah, it's happening. But there is a little bit of a catch. Well, not little, really. Y'know how when you sign a new contract or resign with a mobile phone carrier and get a subsidized price off a shiny, albeit expensive, new smartphone? Well, Microsoft is essentially doing that, though it's more of a rent to own model wherein you pay $15 a month on a fixed 2 year subscription which nabs you not only the system, the Kinect peripheral, and Xbox Live Gold access, but also 2 full years of warranty support on your hardware. 

If you're old school then you could compare this to the 'layaway' process that some department stores give customers in which they can pay for something in payments until it's paid it off, after which they can then take the product home. Microsoft would essentially be doing this except you get the hardware up front when you sign the 2 year deal, although you would be succeptable to a penalty fee for an early cancellation of the contract. Not to mention that in the long haul you'll be paying something like $40 more than if you were to buy an Xbox with Kinect plus Xbox Live Gold at the store, but this does make it a whole lot easier for families who can't afford to fork over $420 in one sitting. 

If you don't own an Xbox 360 yet does this new method of acquiring one make it alluring?