The new prices for Xbox Live will be this:

Well I know for a fact that Michael is probably not happy with the price changes at all, and probably a good majority of its users. But we all know that we gamers love to complain but are willing to shell out the cash to play the games or services. It's an endless cycle.

Here is my question for everyone; does the service of XBL outweigh the cost? If so, then you should not be complaining at all. But if you do not want to shell out the extra $10 for the full year you can do one of two things:

1. You can renew the one-year subscription through XBox.com for only $40.
2. You can go to your local Gamestop/Best Buy/7-11 and stock up on prepaid subscription card.

My Take:

Will this price increase push those loving the XBL service to switch over to PSN? I am sure there will be a few that will, but this is your own personal battle to face. Me? I am happy with PSN and I canceled my XBL a while ago.