The rumour mill keeps on grinding at full capacity, with the latest tidbit regarding Microsoft’s Project Natal suggesting that the appendage will hit store shelves in the US this October with a price tag of $149. While the price is a quarter lower than the one rumoured last week, it’s still asking for an arm and a leg in many gamers’ eyes.

The source claims that gamers will be able to choose between a $299 Arcade Xbox 360 bundle that includes the add-on peripheral or the aforementioned standalone package. As for the rest of the world, the pricing is not yet known, but will be determined based on various factors, such as exchange rates.

The source also disclosed that the upcoming accessory is scheduled for a worldwide October 26 release, give or take a few weeks, and definitely won’t be called Natal. As already known, the final name will be announced at Microsoft’s Natal-focused E3 conference on June 13.

One more reason why gamers looking forward to the device should start praying the rumour is bogus is:

“Microsoft expects to sell millions and millions of Natal units in its first year on the market so you can expect the software launch line-up to target non-traditional gamers. A major marketing campaign will also play a key role in attracting and educating the expanded audience about Xbox 360’s controller-free revolution.”

Naturally, Microsoft was unwilling to say anything more than the typical “we don’t comment on rumours and speculation” recitation.

All of this alleged information could very well turn out to be true. However, there is one little thing that bothers us – there is no mention of the heavily-rumoured re-design of the console.

Will we have to shell out $149 to play with Milo?

What do you think? Would Microsoft dare to price Natal that high and, at the same time, expect to sell millions of it? Let us know in the comments below.

Source: Edge