Released on the Nintendo Wii Virtual Console earlier this year, SEGA has unexpectedly released its old school beat-'em-up Streets of Rage 2 to Xbox Live Arcade, now multiplayer enabled (2 player Live/Local) and with optimized HD graphics. Streets of Rage 2 is now available for download on Xbox Live Arcade and will set you back a mere 400 Microsoft Points.

After making its 2006 debut in Asian arcade halls, scanned pages from Japanese magazine Arcadia reveal that shoot'em up Trigger Heart Exelica will be making an appearance on Xbox Live Arcade. Released on Dreamcast earlier this year, Trigger Heart Exelica allows you to capture enemy ships and use them against waves of attackers. No further details are available at this point ...

EA Tiburon, known for Madden NFL Football and NCAA Football titles, has developed the latest installment in the Tiger Woods franchise. Tiger Woods PGA Tour 08 will include two new features, GamerNet And Photo Game Face. EA has released a 733mb playable demo on Xbox Live Marketplace.

In Harry Potter and the Order of the Phoenix, Harry returns for his fifth year of study at Hogwarts and discovers that much of the wizarding community is in denial about the teenager's recent encounter with the evil Lord Voldemort, preferring to turn a blind eye to the news that Voldemort has returned.

Hour of Victory allows you to play a key role in the pivotal and cinematic battles from the European and North African theaters of World War II, using the skills and gameplay style you choose.

Hothead Games announced that Penny Arcade Adventures: On the Rain-Slick Precipice of Darkness episodic game series, a a comic adventure game featuring characters from Penny Arcade, including the well-known Gabe and Tycho, will debut on Xbox Live Arcade in early 2008.

Medal of Honor Airborne, next-gen debut of the series, is set to redefine the series by introducing players to an entirely new way of experiencing a WWII FPS – namely the fully interactive Airborne experience. This 1Gb demo features the first 4 objectives in the Operation Husky mission (same as the PC demo).

In feudal Japan, it was kill or be killed for the samurai. Kengo: Legend of the 9, known in Europe as Kengo Zero, lets you battle as one of nine famous samurai warriors while mastering expert techniques to gain an advantage over your foes. Become a Kengo Master as you fight your way through lush, high-definition Japanese environments.

Project Sylpheed is a 3-D makeover of the classic, mid-'80s scrolling shooter franchise Silpheed, launching players through an exhilarating space combat experience driven by a deep, multi-layered storyline.

Microsoft is taking a precautionary measure and voluntarily providing customers with a free retrofit to the Xbox 360 Wireless Wheel, due to a very small number of incidents of a malfunction, where a component in the Wheel chassis may in rare cases overheat and release smoke when the AC-DC power supply is used to energize the Wheel.

Fatal Inertia mixes street racing, demolition derbies and rallying with a futuristic setting where machines no longer need wheels and the laws of physics govern all. The sport is called Inertia and it's one that offers a heady mix of speed, combat and real world environments that can be used to make your victory and break your opponents.

Ubisoft's squadron-based flight combat game Blazing Angels 2: Secret Missions of WWII shows World War II from a different perspective, that of an elite pilot who is part of a secret team.

SKATE will deliver the feel of skating through innovative controls, authentic cameras and a fully reactive skateboarding city, featuring professional skaters such as Danny Way and PJ Ladd, to deliver the most authentic skateboard experience to date. After a few delays, EA has finally released its Skate demo on XBLA.

BioShock is a revolution in the shooter genre that will forever change the expectations for the FPS. Going beyond run and gun corridors, monster-closet AIs and static worlds, BioShock creates a living, unique and unpredictable FPS experience. BioShock is the Shooter 2.0.

More than 2,300 participants have entered into the Doritos “Unlock Xbox” challenge, submitting their ideas for an Doritos branded Xbox LIVE Arcade game idea. The five finalists have been selected, and will now begin working side-by-side with Xbox LIVE Arcade development teams to build fully playable beta versions of their game concepts.

Revealed last week Microsoft officially announced a retail price drop for its Xbox 360 consoles in Europe, and launched the Xbox 360 Elite (€449,99). From Friday, 24th August 2007, the 20 GB Xbox 360 will be reduced by €50 to €349,99, while the Core version (no HD) will be reduced €20 to €279,99.

Shrek The Third will take players on an all-new adventure filled with fun and exciting new challenges, never-before-seen characters and environments, plus the same humor we've come to love from Shrek and the gang.

Call of Duty 4: Modern Warfare delivers amazing special effects, including use of depth of field, rim-lighting, character self-shadowing, real time post-processing, texture streaming as well as physics-enabled effects to enlist players into the most photo-realistic gaming experience yet.

Ratatouille offers a fresh and exciting take on the platform action genre, engaging players in deep, fluid, and fast gameplay through fun filled mini-games, daring heists, frenzied pursuits and wild chases, providing constant fun and challenge. THQ has released a 700mb demo on Xbox Live Marketplace.

Dynasty Warriors and Samurai Warriors will finally meet this fall in an unforgettable crossover event. In Warriors Orochi, the characters from both franchises must team up to wage war against a new, powerful force.

Taiwan Semiconductor Manufacturing Company announced that Microsoft has started production of the Xbox 360 graphics-memory subsystem using the TSMC 90nm embedded DRAM process, featuring a high-density macro design (80Mb) and fast performance to 500MHz.

A leaked advertisement for major retailer Carrefour reveals that Microsoft will also drop the Xbox 360 price in Europe. The announcement will most likely be made next week during the Leipzig Games Convention as the ad clearly states that the new price will go in effect August 24, also the launch date for the X360 Elite in Europe. From that date on the Premium will sell for 349 €, while the Core will carry a 279 € price tag.

Experience the new high-definition, next generation sights and sounds of Beautiful Katamari as the Prince takes on a new high-rolling adventure, with his famous cousins in tow, to save the Katamari universe once again after the King of All Cosmos has a very un-royal and unfortunate accident. Namco has released a 432 mb demo, available on Xbox Live Marketplace.

Hexic 2 offers new special pieces, challenges, additional formations and an innovative head-to-head battle mode! Gamers can also travel through time with SEGA's Ecco the Dolphin, a fun, whimsical update of the classic undersea exploration game featuring an online leaderboard that tracks “Best Time,” and includes enhanced graphics and sound.

Graffiti Entertainment announced that it developing a yet untitled new Xbox LIVE Arcade game, which it plans to publish in 2008.