Url: http://www.xbox.com/en-US/live/marketplace/movi…

Microsoft announced today that starting 11/14/2006 they will be providing the ability to rent movies and buy TV shows from the XBox Live Marketplace.  Their lineup contains 200 hours of HD and 800 hours of near-HD quality programming.  This is a *big* deal in my mind (especially since it launches when the PS3 comes out). Check out the announcement including the initial title lineup here:
http://www.xbox.com/en-US/live/marketplace/moviestv.htm
I especially like the Comedy Central and Cartoon Network inclusion, though The Daily Show and The Colbert Report are suspiciously absent. What do you think?

I’ve found a screenshot on Engadget: