Microsoft Mediaroom guide

Rumors of an IPTV service for Xbox 360 have been around nearly as long as the system has. Back in 2007 there were hints about such functionality being brought to Xbox Live, and even more recently the notion hasn’t gone away. A new report suggests a subscription TV service, to be called Xbox Live Diamond, will be announced on Monday at Microsoft’s E3 media briefing (which you can watch right here at 1UP).

WinRumors claims a demo is being prepared to show next week but that not all of its features may end up being on display if certain deals aren’t made in time. “Microsoft is currently in last minute negotiations to secure the necessary agreements in time,” said the site’s anonymous source.

Back in March, word surfaced once again of a 360 IPTV service, this one carrying the code name Orapa and said to be launching later this year. It was described at the time as “a combination of Xbox Live and Microsoft’s Mediaroom IPTV” as well as social aspects of Live (including Avatars) and Kinect.

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