Develop for your Xbox 360!

Very cool announcement by the XNA guys over at Microsoft today. For $99 a year, you'll be able to compile and run unsigned code on your Xbox 360 -- the retail version!

I expect a lot of kids who want to learn to code for 360 to do this. I'm not sure Microsoft will make a lot of money off of it initially, but over the lifespan of the Xenon they'll probably lighten up on the security. I would expect them to make it possible to distribute your apps. Come on, for $99 a year I should be able to distribute and run applications I write with the thing, right?