Today is a good day to be an Xbox owner.  Released today is the latest XBox Live Update which brings new features other consoles will surely be jealous of.  One of the biggest pieces of news, will be the ability to sit in a virtual theater and watch Netflix movies with up to 7 friends (something PlayStation Home was supposed to feature).  Another update brings Games on Demand — which allows you to purchase full Xbox 360 titles — look for this to be ready on Thursday 8/13.

No Twitter or Last.FM yet, but those are coming soon.

So what ELSE is going down over at the new Summer update?  We’ll break it down below:

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Congratulations America!  Another year of Independence!  Get those natural casing hot dogs and turkey burgers out and celebrate fourth of July outdoors.  And when you come back in doors, you’ll have these below par PlayStation Network updates.  For those still into LittleBigPlanet, there’s a FREE Statue of Liberty costume to download.  Enjoy!

Playable Content

• Qore episode 14 ($2.99 for single episode, $24.99 for annual subscription)
• Punisher: No Mercy full game ($9.99)

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If you’re an avid Xbox 360 user, I’m sure you’ve noticed how laggy the NXE dashboard can be, especially when you are looking up achievements or your friends’ list.  Icons and avatars can take up to 30 seconds to load, but in the gaming world, 30 seconds can feel like forever!  Thankfully, that is going to change in the next Xbox 360 dashboard update.

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