Microsoft's Larry "Major Nelson" Hryb announced today that the company has reduced the price of the standalone Kinect camera to $109 in the US, which represents a reduction of $40. He stated that "there are no price drop plans for EMEA and Japan."
Canada, Latin America and Asia Pacific regions where Kinect is sold will also see price cuts on Kinect, and by October 4th, Kinect will see a reduced price in Australia and New Zealand. The exact retail price in these other regions was not specified.
Microsoft is gearing up for what it hopes will be a strong holiday, particularly in the US where Xbox consistently outsells other consoles, and it's likely that we'll also be hearing about new Kinect bundles or even a price drop on Xbox 360 itself.