I know this is late, but better nate than lever, they say. In case you haven’t heard, Microsoft will be offering a video marketplace for Xbox Live. You’ll be able to purchase both SD and HD content with the service.

Microsoft will offer movies, television shows, music videos, and game videos to purchase with Microsoft Points. Microsoft will launch the service on November 22nd, and it will be available to both Xbox Live Gold and Silver customers. However, a HDD will be required, because you have to save your content somewhere. By the end of the year, Microsoft says that they’ll have 1000 hours of content available, with 200 of that to be available in HD as well.

It looks like (though not confirmed) HD movies will cost 480 points ($6US) and SD movies will cost 320 points ($4US). Both versions of television shows will be 240 points ($3). That’s crazy. I don’t care if it’s Apple, Microsoft, or whoever selling it to me, I’m not gonna pay $3 per television episode, given that I get it with my cable package already.

If you buy a show, you’ll own it forever. But you’re just renting movies, which you’ll have 14 days to begin watching. Once you do, you’ll have to finish watching it withing 24 hours before it’s POOF! gone.

Microsoft Unveils the Video Marketplace