Hey folks most of you don’t know Kinect’s 3D sensing technology isn’t owned by Microsoft. The company that does resides in Israel, and they’re called PrimeSense.

And later this year, they’re planning to release it in a Kinect-like peripheral for PC.

The twist: They’re partnering with PC parts maker ASUS to bring it to market, not Microsoft, the goal being to make using PCs in more casual areas like the living room more palatable. It’s designed to operate using ultra-wide band wireless. It’ll be called WAVI Xtion (space intended).

The companion piece is something called Xtion PRO, a PC-exclusive software development kit for 3D sensing applications. PrimeSense and ASUS are also planning an Xtion online app store.

WAVI Xtion should be available in second quarter 2011, while Xtion PRO will be available already next month.

Below you can have a look at the device how it will look: