Another official MS press release came across our desk this morning.  This is big news. Here is the official word on the street:

Starting on 4th December, all Xbox LIVE members will receive a free system update with a host of new features and enhancements. Included in this update will be the launch of the “Xbox Originals,” which, for the first time ever, will enable consumers to download and own full Xbox games such as Halo®, Psychonauts™, Crimson Skies®: High Road to Revenge™ and Fable® among others directly to their Xbox 360. This new service will launch with an array of blockbuster titles spanning the most popular genres from action-adventure to classic role-playing games.

I have to say about time for this one. With the emergence of the Virtual Console on the Wii, this could really be huge. The games will cost 1500 points as of right now which is not terrible, but they promise to often some killer titles from yesteryear.  Is it cheaper to just buy a used copy, maybe. Its good to see Xbox Live taking steps in the direction of supplying better quality games than overcharging for TV shows.