This update is out officially on the 11th, there is a good few things done in it like Avatar marketplace, better Netflix and retail game downloads as well as other stuff.
No Facebook, LastFM, Twitter or Sky On Demand (UK & Ireland) in this update. Netflix has more movies and now shows 'HD' for movies that have it as well as other stuff I couldn't give a crap about not being a Yank.
EDIT: Booted up console, updated, then updated again with a bigger update and now it's all done.
Here's that Xbox Live Veteran crap where it shows how long you've been a member, says only 1 for me...
And this is your game progress, I like this one:
I was watching Invisible Walls on GameTrailers and fuck me, the amount of stuff they have on Netflix, TV shows and all even in HD. Wish I had that, it's fuckin' stupid renting movies on the Video Marketplace because you can't just buy the points you need and I usually need to buy 1,000 points.
You can rate games out of 5 stars, I didn't see any 360 game downloads but they're shite anyway, they won't be released until after the retail version, most likely won't save you much money, take up space and won't be as nice as a retail box. I don't know about you, but I want Modern Warfare 2 on day 1 in a nice box.
I can confirm retail game installs take up less space, Forza 2 was 5.3GB before the update and is now 4.7GB. I won't be able to install a second game on my 20GB (unless it was 2 small games like Left 4 Dead and Guitar Hero III which were like 4.5-5GB) but it leaves more room for DLC. If you have a 120GB that will help you install a few more games.