Blood Knights is out on Live Arcade. From the same people that made Venetica.
It's an action-rpg and while it has a bit of a low budget feel it also has some interesting ideas and a good story despite tepid voice acting.
Has anyone bought the full game? Any really crazy loot/items?
http://marketplace.xbox.com/en-US/Product/Trial-Game-Blood-Knights/bf6391a0-1bd4-4d2a-a10e-3cdec93fe139?cid=SLink