Comment Re:And of course... (Score 3, Informative) 738
Very carefully, though, they still keep your xbox live account active and charge you the subscription fee.
For those who want to cancel, check out http://www.xbox.com/accounts, change your subscription by clicking the link after subscription renewal (the link says "ON"). Then continue to click through the 5 or 6 pages detailing all the reasons you should stay. Click "Next" through all of that, and you're set.