Microsoft has launched the latest update for Xbox Live today giving Gold Subscribers access to the new features they announced back at E3 2009. When you sign into Xbox Live you will be prompted to update your system to include the following.

Facebook and Twitter:
Located under the new ‘My Community’ section are built in clients for both social networking sites. The Facebook client will even search out people on your friends list who are also on Xbox Live.

Last.Fm:
Feel like playing DJ in your own home? The popular web music service now has it’s own client under the ‘Music Channel’ blade.

Zune Video:
Located under the ‘Video Channel’ section of your dashboard you can enjoy some free clips and popular movies for a fee. Zune Video is instant 1080P streaming for your movie watching needs.