Microsoft announced today that the Kinect for Xbox 360 will include Kinect Sensor and the video game "Kinect Adventures," and that it will retail for $149.99 when it launches November 4 in North America. The Kinect Sensor will work with all Xbox 360 consoles (of which 40 million have been sold, according to the company).

The company also announced an all-in-one Xbox 360 Kinect Console Bundle for $299. This will include the new Xbox 360 4GB console, Kinect Sensor, and "Kinect Adventures." Additional games will be sold at $49 each.

"Kinect truly is a revolutionary product," says Josh Hutto, director of product marketing for Xbox. "We’re bringing controller-free entertainment into the living room. With one purchase, families get Kinect and the most complete and affordable way to have fun."

Kinect, announced last month at E3, features video and audio sensors that eliminate the need for a traditional controller, while the user uses body motions and voice commands to play games, watch movies, and interact with other Xbox LIVE subscribers.

Microsoft began taking pre-orders for the Kinect (and the bundle) today.