Earlier in the day, Xbox Game Room was revealed to be a real thing. Microsoft's Robbie Bach did a video interview with On10.net that was accidentally put up a little too soon. The video was taken down, but nothing ever really disappears from the grasp of the Internet!
So what is this all about? Game Room will have over 1000 old school classic games such as Centipede, Adventure and more being released over the next three years. You'll be able to create a custom arcade rooms and challenge your friends in a number of games.
It's odd that Microsoft is creating another channel for retro games when we already have Xbox Live Arcade. Perhaps Microsoft thinks the new channel will be more appealing to casual players. Game Room will be out this Spring for both the Xbox 360 and Games for Windows Live.
[Update: Game Room will launch this Spring with 30 arcade classics. Kotaku says games will range from 240 to 400 Microsoft points. Or, you can pretend it's the '80s all over again and buy the arcade games for just 40 Microsoft Points. And just like the '80s, once you die, you'll have to insert another 40 Points to play the game again.]