The software giant is close to finishing a key number of components for its full Xbox LIVE subscription TV service. Sources familiar with Microsoft’s plans revealed to WinRumors that the company is readying a demo for E3. The company is on lockdown for its big announcement and some demos and details might be held back if agreements are not in place in time. “Microsoft is currently in last minute negotiations to secure the necessary agreements in time,” said our anonymous source. “Apple is in a similar position, speaking to several media groups ahead of its iCloud announcement on Monday.”
If this story is true then I believe that many people will be canceling their cable bills and jump right over to the Xbox. This will be such a huge acquisition for Microsoft, because this will make the Xbox 360 one of the best set top boxes on the market, and in my opinion the best set top box on the market.