Microsoft unveiled in their plan that you will be able to have your games added to the XBL Marketplace, for a price of 200 to 800 points, after passing a peer review, as well as take home a cut of the total revenue the game makes, which MS claims to be up to 70% in a form of a quarterly check.
You will need to download the XNA Game Studio, which is a free development tool, and join the XNA Creators Club. If you want to submit your games to be added the XBL for sale, you will need to pay $99 per year for a Premium Membership $49 for 4 Months. So get your creative juices flowing, and let the coding and designing begin, and create the next big game on XBL.