Hot of the press from Microsoft - the news that FOXTEL are going to be teaming up with Microsoft to offer video-on-demand over the Internet for Xbox 360 owners:
FOXTEL by Xbox LIVE will allow Xbox 360 owners in Australia to access FOXTEL channels including FOX Sports, Discovery, Nickelodeon, Disney, MTV, and other leading channels via their Xbox 360 entertainment console.
FOXTEL by Xbox LIVE will also provide a wide range of Video-on-Demand (VoD) services, including television series and movies. When the ground-breaking service launches later this year it will enable Australians, for the first time, to access FOXTEL without the need for a FOXTEL set-top-box.
FOXTEL by Xbox LIVE will be accessible in FOXTEL areas across Australia to all homes with a broadband internet connection. All you need is an Xbox 360, an Xbox Gold subscription and a FOXTEL by Xbox LIVE subscription.
The full press release
has a little more information (though mostly marketdroid speak at this point).
No details on pricing or packages are available yet and the offering is targeted for a release "towards the end of the calendar year".