Make games. Make money. That's the motto of Microsoft's Xbox Live Community Games initiative, which will officially launch to consumers this fall, alongside the forthcoming dashboard update.
As the company's first foray into democratizing game development on a console, indy developers will be able create their own game using the XNA framework, then submit it to Microsoft for peer review. If approved, you'll be able to set a price on your game, ranging from three suggested retail price points at 200 to 800 Microsoft Points. Developers will receive a 70% return on any game sold, with the remaining 30% going to Microsoft.
Microsoft expects community-created efforts to "double the size" of the Xbox 360 library.