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Kinect is a complete waste of resources and a flagrant method of squeezing more money out of customers. Microsoft knows how to nickel and dime people, what with all the proprietary plugs and adapters they sell for 5 times their actual value (headphones, batteries, charging cables), not even mentioning 360 hard drives.

People here bring valid points about best quality skyping and voice commands. In reality, most people don't need best quality, they are fine with skyping over a $10 web cam, speaking into a $5 headset. Or using tablets with prebuilt camera/microphone.
Vouce control to navigate your TV - DirecTV is doing it for a while, Amazon now as well. Via a "free" remote control.

Kinect was a 2010/11 fad that died out quickly. They should just put 2010-2014 on its headstone, and move on...