EA has announced that it will release Madden NFL Arcade November 24 on PSN and November 25 on Xbox Live.
It will run you $14.99 or 1200 MS Points.
According to Joystiq, the playing field is much smaller than the game’s console counterpart, and players have to get touchdowns within four tries. There are power-ups there as well, so that should make things easier.
A video of it is posted through the link if you are interested.