Whitten went on to mention that Microsoft's DRM Policy will be overhauled, and a tool released next month that will allow 360 owners to re-license content to a single console, finally fixing the issue that forced gamers playing XBLA games to be connected to Xbox LIVE if their 360 broke down and was replaced.
I guess our high hopes about all those cool features will have to be shelved until the Fall update. It is a little disappointing, as I was looking forward to some of the rumored features (Come on Group Voice Chat!), however it is nice to know that they are concentrating their efforts on perfecting the service rather than forcing out an update just because.