For your $250, you get the Xbox 360 console with 4GB of flash memory built-in, Kinect, Nike+ Kinect Training title, Kinect Adventures, and 1 Month of Free Xbox Live Gold. Surprisingly, it would appear that it does not include a wireless controller as part of the package.
For those that already have Kinect and simply want the Nike+ title, Microsoft has announced that the title will be available for download digitally for $50, or 4,000 Microsoft Points, starting December 25th.
It will be interesting to see how well Microsoft is able to do with this bundle. We are not so sure that there are enough people interested in a fitness and training bundle to make it will be a big seller for Microsoft. Of course, you never know.