No they are 299 with the kinect. I assume it’s a slim model, of so it’s a little short on memory imho, but that can be fixed later with a memory stick, or adding the HD, for around 100. I personally love it, Netflix, Hulu and gaming are all awesome, you will spend $40-50 additional each year for Xbox live so you can get online, but it’s money spent, and microsoft does a great job with the xbox.
We actually have 2 xbox’s one Kinect, it’s fun I actually wish we used it a little more.