As if the movie download business wasn't crowded enough already, Engadget is reporting: "According to Shsibae (huh?), over 1000+ hours of video will make its way onto Live for rental at about $4 a go, or for purchase (at an unstated price). Hard to imagine Xbox 360 doing for PC-free online movie downloads what all the other companies couldn't or haven't (we're looking at you TiVo, Netflix, iTV, etc.), but then again Microsoft did start up with that Xbox Live music video download thing last year."
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