As reported, Microsoft is to give the official name - and we hope price - to Project Natal at E3 this year. The most recent rumour to arise is that the device will be called 'Wave'.Nowgamer is stating that "a source close to Microsoft that the official name for Project Natal will be revealed as 'Wave'".
Right now, that's all there is to see regarding this particular stab at a name.
UPDATE: Aside that is from the existing
Microsoft Wave project.
This 'Wave' states that it is a "site that brings you the freshest developments and products to come out of Microsoft."
One of those developments?
Project Natal on Wave.