A cheap Mic cant, sorry, but the Mics in the Kinect are of a pretty high standard.
The microphones built into Kinect will be a tiny fraction of the overall cost, the expensive stuff in Kinect is the camera, motors and software they've developed.
Also agree about price, £350 is ridiculous it needs to be £300 at most without Kinect and that's assuming Sony don't respond by cutting PS4.
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