Microsoft demoed it's "Xbox Experience" today, showing off the new dash and it's features. Microsoft UK officials told RPG-TV that it would be coming in November, but it's not an official release, so take this info with a grain of salt. It's been titled as the fall update so the latest it could come out is November, but I'm sure everyone wouldn't be upset if it slipped out a little earlier.
Source:
http://kotaku.com/5041292/xbox-360-fall-update-coming-out-in-november
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