Today Microsoft announced two Xbox 360 Holiday Bundles that are now shipping to retailers. One bundle contains an Xbox 360 with a 250 GB HDD, Kinect, the games Kinect Adventures and Carnival Games: Monkey See Monkey Do, plus 3-months of Xbox LIVE Gold for a suggested retail price of MRP $399 USD.

The second bundle contains and Xbox 360 with a 250 GB HDD, Fable III and Halo: Reach, plus 3-months of Xbox LIVE Gold for a suggested retail price of MRP $299 USD.

These bundles will be available while supplies last and individual offers may vary by region, Microsoft said.