As previously rumored, Microsoft is now offering a subsidized 4GB Xbox 360 gaming console and Kinect for $99 with a monthly subscription option. The bundle requires customers to sign up for a two-year subscription to Xbox Live Gold Membership for $14.99 per month. The subscription plan is similar to the model wireless carriers have been using for years. If a customer is to break off the agreement prior to end of the 24-month contract period, early termination fees will apply. The deal is only available at Microsoft Stores for the time being. A chart from Microsoft outlining applicable early termination fees follows below.

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Dan joins the BGR team as the Android Editor, covering all things relating to Google’s premiere operating system. His work has appeared on Fox News, Fox Business and Yahoo News, among other publications. When he isn’t testing the latest devices or apps, he can be found enjoying the sights and sounds of New York City.