We’re hearing this morning that Microsoft is planning to launch a $99 Xbox console package with a monthly subscription as early as next week.

The software giant will offer the 4GB console with a Kinect sensor at its U.S. stores, subsidized with a monthly fee of $15. The two-year subscription will provide access to the Xbox Live Gold service and possibly some additional streaming content from cable providers or sports package providers. Customers who sign-up for the deal will also be covered under a two-year warranty.