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Microsoft has clarified the IPTV Xbox 360 rumors that have been floating around all week. In the end, it is a good news / bad news scenario. The features will be there, it is up to service providers to do something with it.
The features are part of the Microsoft Mediaroom services and will be given to TV service providers by the end of 2007. After that, it's entirely up to those providers to determine when the feature becomes available. It could be next spring, fall, or beyond.