Yep, they just announced that.
It sounds like good news that they removed the DRM and no-used-games crap on it, but there is still one problem not mentioned on this: Kinect I think is still mandatory.
I mean... come on microsoft, why does Kinect have to be mandatory? It would have made much more sense if the Kinect came as an accessory instead of life support for a bloody box with an X on it.
I wonder if people will still buy the console when it releases, after the fans were insulted and let-down at the press conference plus at E3, I think sales will be shorter than expected.