Microsoft is seeking new talent for "top-secret" projects within their Xbox division. We know this thanks to a job listing on their website. A senior software engineer is wanted to join the development team, with the company writing that it is working to "push the envelope of today's and tomorrow's technology as we explore new ideas from the ground floor."
The project they are talking about is connected to Kinect, since the person they're searching for should be a "seasoned software engineer with the skills to prototype and build the future of premium Kinect-powered experiences". Whether this relates to the long-rumoured VR tech Microsoft is thought to be working on remains to be seen. We await more news with interest.