[UPDATE] The $350 Xbox One deal has been confirmed. Read all about it here.

The original story is below.

If you're in the market for an Xbox One and can hold out for a few weeks, you may want to consider this new deal from Kmart. According to an adscan for a sale beginning the week of November 9, Kmart will offer Kinect-free Xbox One bundles for $350, a markdown of $50 from the normal $400 price point.

The adscan above comes from Twitter user thebiglouie. If true, it would represent one of the best deals to date for an Xbox One, not to mention making the Xbox One $50 less expensive than the rival PlayStation 4.

There is no mention of a markdown for the $500 Xbox One bundle that comes with Kinect.

It is unclear if this deal is limited to Kmart or if it is a wider price drop that will be available at retailers nationwide. We'll report back with more details as they become available.

The deal, if genuine, is timed with the release of marquee Xbox One title, Halo: The Master Chief Collection, which goes on sale on November 11.

This isn't the only rumored Xbox One deal. Adscans from Target and Wal-Mart show that the $500 Call of Duty: Advanced Warfare 1 TB console will be offered for $450 beginning in November.