Sources say that a new Xbox 360 Slim edition will be coming out soon (shipping to retailers this week). Through translations of the ads, it is compatible with “Kinect”, has built in WiFi capabilities, and a 250 gigabyte hard drive.

Now just exactly what is “Kinect”? Remember the Eye Toy on the Play Station 2? That’s exactly what the “Kinect” might be. The new Xbox 360 Slim will go for a price point of $299.

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