Xbox 360 TV

Microsoft's Xbox 360 is offering (or is going to offer) Television to its users in Xbox Live areas in two methods.

1. Download Television Shows and Movies


2. IPTV (Internet Streaming Television)
   

Download TV Shows and Movies

Xbox Live already provides this service for registered users. Users first purchase Xbox points from Xbox Live. Then they use the points to purchase a TV Show or Movie. Quite similar to iTunes Online Store. The videos may be downloaded in the background while playing a game or doing something else (using the 2006 update).

IPTV

This was first a rumour, but now is confirmed by Microsoft. Microsoft will be offering streaming television through Xbox Live. This service will launch in the 2007 holiday season or later. Channels available will most likely be those which already use Microsoft TV IPTV Edition to distribute their channels. Features of this service will include recording tv shows in the background whilst playing a game, as well as a guide which sorts out channels according to your taste. The price and system requirements (larger HDD, etc.) of this service are yet to be announced. See IPTV on Xbox 360 is for Real.

Unfortunately, Xbox Live is currently not available in Sri Lanka. The closest country with Xbox Live services is Singapore. But knowing that Microsoft is eager to get a piece of the South Asian market, Xbox Live can be expected in Sri Lanka and neighbouring countries quite soon.
Edit: Sorry, wrong information. Xbox Live can be accessed in Sri Lanka thorugh the Singapore service or the service of any other country. ONly thign is that you have to enter false information about you living in the country of the service.