Last week it was reported that Microsoft will be launching a 4GB Xbox 360 console with a Kinect for only $99, well it seems that is true as they have just officially launched the cheaper 360 with a catch, you have to sign up to an Xbox Live Gold Contract for $14.99 a month.

In order to access the deal however you must live near a Microsoft Store and bring the coupon featured below (or ask a store associate for the deal) in get your cheaper console, this will in total cost you $458.76 over the two years, which will include the 4GB console and Kinect as well as two years of Xbox Live which will end up costing $59.99 by itself.

With the console normally costing $299 this probably isn’t the deal for you unless you are majorly strapped for cash, if you are however print of the coupon below and head on over to your local Microsoft deal to pick up your new contract.

Via [Microsoft]

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