UPDATE: Notch confirms separate team is working on the Minecraft for XBOX Live Arcade. More details to follow later.
In a brief statement made by Phil Spencer, during the Xbox Kinect press conference at E3 it was announced that Minecraft will be launching exclusively on Xbox Kinect this winter.
The game, based on the images shown at the press conference, retains its classic graphics style. One huge reveal for the console port, however, is that it's coming complete with Kinect functionality.
This looks to be a big week for Minecraft, as the mobile version will be demoed on the Xperia Play during the E3 Expo as well.
If you'd like to hear it yourself, it's around the 1:30 mark.