On Nov. 15, Microsoft will celebrate the fifth anniversary of Xbox Live, and as a gesture of thanks, all 8 million members will have a 48 hour opportunity to download a free Xbox Live Arcade game, while every active member who joined the service in 2002 will receive 500 free Microsoft Points. On top of that Microsoft also confirmed the Xbox download rumor from earlier today.

The Official Xbox Magazine reveals the upcoming fall X360 firmware update, launching Dec. 4, will supposedly allow you to download original Xbox titles through the Marketplace. For 1200 Microsoft points, you will initially be able to get titles such as the original Halo, Burnout 3, Crimson Skies, Fable and Fahrenheit. The Films on Demand feature will allow you to "rent" a movie instead of having to buy it, giving you two weeks to initiate the movie after rental and 24 hours to complete it.

Empire Interactive announced it is releasing extra content for their Xbox LIVE Arcade title Speedball II: Brutal Deluxe, starting this week with a Theme Pack, followed by the addition of four new downloadable 3D Arenas, each with three variants that gives players even more customizable options.

Guitar Hero fans will channel their inner rock god, experience new features and explosive content including a new multiplayer action-inspired battle mode, grueling boss battles, a bevy of exclusive unlockable content and authentic rock venues. Revealed last week, Activision has released the first 2 downloadable song packs (500 MS points), Foo Fighters and Velvet Revolver.

Guitar Hero fans will channel their inner rock god, experience new features and explosive content including a new multiplayer action-inspired battle mode, grueling boss battles, a bevy of exclusive unlockable content and authentic rock venues. When signing up on Guitarhero.com people noticed unreleased songpacks for Foo Fighters, Velvet Revolver and 3 battle songs...

SCEA has released several playable demos for upcoming games on the PlayStation Network, EA's NFS ProStreet (906mb) and Sierra's sci-fi shooter TimeShift (479mb). The classic PsOne title Twisted Metal 2 is now playable on PSP/PS3, and there's a slow of downloladable content for The Godfather: Don’s Edition. Game trailer wise there is a ton of stuff to watch like Uncharted: Drake’s Fortune, Burnout, Beowulf, GT5 Prologue, and a few movie trailers as well.

Overlord is an action adventure set in a warped fantasy world where players can be evil (or really evil). Later this month Codemasters will release 3 pieces of premium content for the X360, starting with Raising Hell, a singleplayer expansion that introduces hell to the game's 5 kingdoms, followed by The Challenge Pack (7 new maps & 2 game modes), while a free download will finally add split-screen, as well as a new multiplayer map. All of this will be available on PC as part of a Special Edition.

Gamers will experience Naruto starting from the series' beginning. Re-live the hit anime and manga and experience Naruto's transformation from noisy ninja-academy dropout to respected ninja. Ubisoft plans to release the original Japanese voices as download...

Spider-Man 3 allows players to experience the actions of heroic red-suited Spider-Man and, for the first time ever, his darker, more mysterious black-suited persona. Once you have downloaded the content (240 MS Points), you will be able to activate New Goblin from the Playable Characters option in the Upgrade Menu after defeating him in the game.

Blue Dragon is an epic RPG that centers on a young boy named Shu and several of his friends who create and develop their combat styles by utilizing different types of Shadow Change, including Sword, Assassin, and Power Magic. Microsoft has released the 6 Treasures package on Xbox Live, adding half a dozen rare items for Shu and his companions to steal.

Warhammer 40,000: Squad Command will bring the carnage of the 41st millennium to the handhelds, featuring a new and immersive single-player campaign, along with a robust global multiplayer component. THQ is offering a demo for free download ...

Tecmo has released the third, and final, downloadable survival mode for its PS3 exclusive action adventure game, Ninja Gaiden Sigma. The “Rachel Master” ($2.99) download features five survival battles in which after completing them, the player will have access to Rachel’s new hair style.

WaveGroup, the collective of musicians and studio professionals who produced the song recordings for Guitar Hero, GH II, and GH Encore: Rocks The 80s, announced The Guitar Hero Recordings will be available for digital download on Oct. 23rd, 2007.

Ace Combat 6: Fires of Liberation will let players experience Ace Combat on a massive worldwide scale as it features an in-depth multi-player online experience that includes a variety of action-packed online modes. Ace Combat 6: Fires of Liberation has surpassed one million downloads worldwide on the Xbox Live.

The Orange Box will be available via Steam and at retail outlets beginning next Wednesday, Oct. 10th. In preparation for launch, Valve has begun pre-loading both Portal and Half-Life 2: Ep. Two to those who have pre-purchased The Orange Box. The pre-purchase campaign, available via Steam and at participating retailers, grants gamers access to the Team Fortress 2 beta and a 10% discount off the regular price of $49.95.

SCEA has released several playable demos for upcoming games on the PlayStation Network, Bladestorm: The Hundred Years' War and The Simpsons, in addition to the full version of its latest skiing game, Go! Sports Ski, for $2.99 US. If those are not to your liking, there are also various game trailers and tutorial videos for Eye of Judgment and NBA 08.

Big update for PS3 fans, Sony has released several playable demos for upcoming games on the Playstation Network, Clive Barker's Jeroicho and NBA 2K8, as earlier today on Xbox Live. Also at bat is some new downloadable content for Motorstorm, Castro Capitano vehicle for $0.99, and a new Speed Master add-on for Ninja Gaiden Sigma. And if those are not to you liking, there are also various movie and game trailers for your viewing pleasure...

FM2 features authentic simulation physics, bone-jarring damage, photo-realistic graphics, 300 of the world’s hottest cars for you to collect, licensed tuning and plenty of customization options. Without giving specific details Community Manager Che Chou revealed that 10turn, if all goes well with the certification process, plans on dropping Forza 2's first real DLC pack on Xbox Live Marketplace.

Sporting various new features, and a new graphics engine, Arena Wars Reloaded is an action strategy game focusing once again on fast-paced RTS action and multiplayer mayhem.

Big update for PS3 fans, as not only did Sony release the v1.93 firmware, but also a slew of new demos (PixelJunk Racers, Tony Hawk’s Proving Ground, NHL 08, Harry Potter and the Order of the Phoenix, and FIFA 08), but also new downloadable games (PixelJunk Racers at $6.99, and High Stakes on the Vegas Strip: Poker Edition at $9.99). On top of that there are also new game trailers, and a free music track from Lair.

According to statistics from the music industry's RIAA downloadable Xbox 360 video game song packs for Activision's Guitar Hero II hit multi-platinum status with more than 650,000 downloads through Xbox LIVE Marketplace in less than five months.

SCEA has updated the PlayStation Store with demos for Stranglehold and NBA Live 08, as well as updates for MotorStorm (Revenge Weekend add-on includes a new track, 4 new vehicles, 9 races and a new online mode) and Ninja Gaiden Sigma (first of three updates, includes 5 survival modes for $2.99).

Rare's Viva Pinata brings a vibrant world of living pinata animals to video games, television and beyond, showcasing an engaging cast of colorful, wild-roaming pinata animals that entertain and challenge imaginations. Rare announced that there will be no more Viva Pinata downloadable content, and they are currently "too busy doing something else." No further details were given whether this is an all new project, or new titles in the franchise...

Rock Band allows you to perform music from the world’s biggest rock artists with your friends as a virtual band using drum, bass/lead guitar and microphone peripherals, in addition to offering online connectivity. Harmonix, MTV Games, and Rhino Entertainment announced a deal that will bring 18 master tracks from the Grateful Dead to Rock Band after its initial launch.

Sony's Playstation Network has gotten a ton of new content today. Earlier this week on Xbox Live, Capcom has released a demo as well as the full Super Puzzle Fighter II Turbo HD Remix game, Namco Bandai released Tekken 5: Dark Resurrection Online, and to top it all off there are demos for NASCAR 08, Tiger Woods PGA Tour 08 and All-Pro Football 08.