Gaming Signal: Xbox360 Development on the cheap???

Xbox360 Development on the cheap???

A rumor rumbling around the net today is that Microsoft will release a low cost ($100) development kit for the Xbox360. This news has been picked up by a multitude of sites, and the vibe just doesn't seem to feel right. My personal take on this is that Microsoft is going to enable homebrew gamers to make mods, total conversion and other types of games to Xbox Live Arcade. Some may think that this will make it easier to hack the Xbox360, but depending on how it is built and what features the software enables - it could be a windfall for the small developer and eventually the gamer. Given that Microsoft has already released a tech demo of thier XNA tools - this is the next logical step. I know that if it does turn out to be true - I am willing to drop $100 bucks to at least try it, and after that may come up with the next Geometry Wars. Maybe I should take it one step at a time...