Prices & gaming specifications for Xbox Live’s newly announced Game Room feature that allows you to play arcade classics on both the Xbox & Windows PC.

Robbie Bach’s key announcements regarding Xbox 360 games, Project Natal & Xbox Live during Microsoft’s keynote at CES 2010.

President of Entertainment at Microsoft, Robbie Bach, announced that Microsoft are coming up with “Game Room”, an experience to relive old arcade games from Nintendo and Atari, like Mario on Xbox 360 and Windows PC.

Costco is selling a copy of Halo 3: ODST for Xbox 360 at $30, that is almost $15 cheaper than what you can buy at Amazon. Halo 3 is a game created exclusively for Xbox 360 and is a epic story told through the eyes of an ODST (Orbital Drop Shock Trooper).

You can buy a copy of the Guitar Hero World Tour game for only $14.55, that is a $34.44 discount and eligible for free shipping if you purchase items more than $25 on Amazon. You can purchase the Xbox 360 version of Guitar Hero World Tour for $14.55, PS3 version for $19.99 and Nintendo Wii version for $25.46.

Microsoft has applied for a patent that will generate the user avatar based on their real life physical characteristics like physique. This will enhance the gaming experience on the Microsoft Xbox 360 and Natal.

Walmart has a awesome deal where you can buy a bundle containing Xbox 360 console, Call of Duty: Modern Warfare Hardened Edition and a 12-month Gold subscription for Xbox Live for only $249.

Call of Duty: Modern Warfare 2 is available for $42 for a limited time for Xbox 360 consoles from Microsoft Store. COD:MW2 usually retails at $60.

Quite recently Microsoft started banning XBox consoles from accessing XBox live for modifying the console to play pirated games. Turns out that many gamers are now getting rid of their banned XBox consoles for as low as $40 on eBay.

Popular social media platforms like Facebook, Twitter and Last.fm can now be accessed from the Xbox 360 gaming console.

Nintendo is dropping the price of Nintendo Wii retail to 199$ this Friday, if you have been looking to buy the Wii Console it would be better to wait for a few more days as it will save you $50.