Last week we reported on rumors surrounding the launch of Project Natal. Details leaked about an alleged November 2010 release, and a $50 to $80 price-point. Now Microsoft is saying the rumors are unfounded, as there is still much to be determined.

The comments came from the London launch of the Xbox 360 Autumn update. Asked for confirmation of the rumors, Xbox UK head Neil Thompson and Xbox Europe head Chris Lewis were dismissive:

"No. They weren't accurate, they were rumours. I've got nothing more to say about it", said Thompson. "We're still very much in the baking on Natal and there's a lot of things to get decided on it."

Lewis responded in kind. "Now you know better than to listen to that stuff! We will announce in good time," he said. "I'm not going to be specific about what they [Natal games] might be, I will say however we're committed to ensure those experiences are unique, compelling and very exciting right from the outset. That has to happen and that will happen."

Even if Microsoft is working out the details, a late 2010 release is still very likely. It wasn't that long ago that THQ's CEO made a similar prediction.