THQ boss Brian Farrell has said he expects Project Natal to be released "late next year".
His statement was made during a financial earnings call (via Kotaku).
Farrell went on to say that he expects "a price cut would be in order by at least two of the three manufacturers" in the future. When pressed, he added that a PS3 snip in the range of $100 "wouldn't surprise us".
THQ has announced a record take of $243.5m for the three-month quarter ended June, thanks to sales of UFC 2009: Undisputed and Red Faction: Guerrilla.
As such, the publisher plans to bring UFC to "handhelds" as well as PS3 and Xbox 360.