Well sort of, a new user interface and boat load of features is coming to the Xbox 360. 
This in itself is not new we’ve know about it since they first announced it back a E3 earlier this year but Microsoft have now told us the release date, 19 November.
The update has many new features including:
- Avatars (like Mii’s)
- Primetime, a new gaming experience
- Netflix Instant Watch (streaming movies)
- Community Channel
- Medals (graphical achievements)
- And some more stuff.
This update is free to all, just login to Xbox Live on November 19 (or after) and you’ll be prompted to update your system.