Major Nelson has revealed that the public beta sign ups for the new Xbox Live dashboard are available. The key changes with this update are:

System stability/performance improvements.
Retiring of Microsoft Points in favor of real world currency.

So, what do you guys think about Microsoft Points going away – a good or a bad thing? I’ve generally heard more complaints about the conversion rate over people preferring the points system, so I expect a lot of people will be happy about this. You can see the entire post from Major Nelson here.