The NXE is almost upon us, and Microsoft certainly seems in the mood to celebrate. They have announced that they will be giving away a total of one million Microsoft points as part of the New Xbox Experience launch. The luckiest gamer will win 500,000 points, but other bundles of 50,000, 10,000 and 5,000 will also be given away. There's a catch, though (isn't there always!).

In order to enter you'll need to download the NXE, get your gamertag registered, and then purchase premium content from the marketplace -- a movie, a show, a full-length game, etc. If you intended to do that anyway, this makes for a nice perk, but if that's not possible for your wallet right now, you may have to sit this one out. You can get up to a total of ten entries, as you are automatically entered once each time you purchase premium content from the marketplace.

This will start this Wednesday, November 19th and run through Sunday, November 23rd, so if you plan to get it on it, keep your credit cards handy.

[Via CVG]