PreacherTom writes "In the latest of several recent upgrades to their online service, Microsoft has announced that their Xbox Live service will begin offering movies and television on demand starting on November 22nd. All subscribers (including those using the free service) will have access to movies from Paramount and Warner Bros. along with TV shows from CBS and MTV. Prices haven't been officially released as of yet, but MS has stated that they are attempting to be competitive with similar services from iTunes and cable companies."
There is lots of commentary out there on this one, so Read More to reference the many other sites discussing this story. Besides commentary on the announcement itself, Eurogamer has Sony's snarky commentary
on this move by Microsoft.