The long and storied history of Microsoft's invented Xbox Live currency MS Points has finally come to a close. Despite standing by the system as recently as last October, an update today has phased out what the community has "affectionately" dubbed Microsoft Banana Dollars/Moon Money, in favor of good old fashioned official local currency. Now, instead of trading your real money for fake money and then buying games with the latter, you can simply purchase content with the former.
Presumably, the change is going into effect now in preparation for the upcoming Xbox One. Though the Xbox 360 is nearing the end of its lifespan, I suppose this is a case of "better late than never." It appears that the update allows users to purchase content for the exact amount necessary, rather than only allowing money to be added to accounts in set increments, which is probably most often cited as the reason people wanted the switch to begin with. Huzzah!