I just bought the xbox360 last night. Needless to say I only got about an hour of sleep
So far I'm not terribly happy with it. Not much of an advance over PS2 that I can see. It's good, but $400.00 good, I'm not sure..
xBox Live - haven't done anything with that yet - except for set up my gamertag, etc, which is Fusionx1.
I've got Gears of Wars, Star Trek Legacy, Ghost Recon Advanced Warfighter, Gun, and Eragon.