This is slightly older news, but Microsoft announced the pricing for Xbox Live for their upcoming Xbox 360 Console.
The next generation of Xbox Live will be offered to gamers through two
levels of service.
Xbox Live Silver is a free level of the service offered to all who own an
Xbox 360 system, a high-speed Internet connection, and a memory unit or a hard
The Xbox Live Gold membership delivers the full Xbox Live premium online
experience annually for $49.99 (U.S.)/$79.99 (CDN),* which averages to a little
more than $4 a month (U.S.).
Credit cards will also no longer be a requirement for creating an account. Customers can purchase pre-paid cards at most retailers.
Read the article for further details and a chart detailing the difference between Silver and Gold Memberships.