Xbox Live is going down on Monday to get some massive server upgrades and software overhauls to prepare for the upcoming New Xbox Experience. From the one and only Larry Hyrb (better know as Major Nelson):

On Monday, 9/29/2008 from 12:01 AM PST for up to 24 hours, Xbox Live will be offline for maintenance. As a result, Xbox LIVE and the ‘My Xbox’ section of Xbox.com will be unavailable, and the Xbox forums will be in read only mode (you won’t be able to post.) The remainder of Xbox.com will be available with limited interruptions.

This service maintenance is in preparation for the new Xbox experience which will be available later this fall.

Let me reiterate: When the service returns, you will not have any new features and you will not have the new Xbox experience update. That will happen later this Fall.

So don’t plan on playing online with your Xbox 360 on Monday. I’m betting we get the update sometime in October. If we go by past dash updates, things usually come out around a week or two after the scheduled maintenance on the servers. We’ll see what happens.