HOLY shit yes!!! I wanted an update soon but didn't know that this is what it would or could entail.
I am excite
Only problem they mentioned that I happen to agree with is since that it's 4 times as accurate, 4 times as much the data load, it could theoretically cause a performance slowdown. Maybe MS could still make this possible, or perhaps release a more powerful version of the 360.
As with the increased accuracy and subsequent data loads at that, the applications for this would be furthered even more. More accurate tracking = better real-world applications for Kinect.
As for all the PS3 move-ers (whatever you want to call them) this is definitely a punch for them. Now before you haters begin hatin', I HAVE used the Move and I simply, as a personal preference, like Kinect better. The wii got old pretty quick, and regardless of the fact that it's a completely different system, completely different manufacturer, it just feels like a better, more tactile version of the wii, plus a camera. But that's just me.