More news, Microsoft's CES keynote? Oh no, we couldn't! But if you insist...
The Game Room's set to be "the place to relive the glory days of arcade games, with over 1000 games being released throughout the next three years." Games can be purchased for 240-400 Microsoft Points, or played once for the paltry, arcade-style fee of 40 Points.
It's out for Xbox 360 and Games for Windows Live this spring.
Microsoft's released the first trailer of the totally meta Game Room. Check out the game where you play as an Avatar that's playing old games after the break, courtesy of Joystiq.