Microsoft just released a press release in preparation for Comic-Con 09. In the release, Microsoft states that the Live Update will be coming August 11th (Tuesday). The update includes Games On Demand, Better Netflix viewing which includes Movie Parties where a couple of friends/avatars and watch a movie together. It also includes a more bigger Avatar Marketplace. The other updates like Zune Marketplace, Facebook and Twitter will be coming in the fall (Late September? Early October?)
This should make for a very interesting summer. Games On Demand, here i come.