Unlike OXM, which reports the Fall Dashboard Update is already in your possession (don't bother looking), Famitsu says (via German site GameFront.de) that the hotly anticipated upgrade will be a worldwide treat on Halloween:
Microsoft will release its "Fall 2006 System Update" on 31.10.06 in Japan, according to a Famitsu report. The update is free and available to all Xbox Live members.
The update, among other things, improves Xbox Live Arcade and Marketplace functions, provides 1080p support, adds a start menu for XNA-developed games, adds HD-DVD player support and over 80 additional functions.
Microsoft is holding a press conference in Japan at which additional information will be provided.It's widely believed that MS will roll the update out everyhwere at the same time, so that's good news for folks in the US and EU as well. Better yet, Japanese site WatchImpress has pics from the press conference confirming WMV streaming via Windows Media Connect, CD-R/DVD-R and USB thumbdrive.
Hey 1080p, HD-DVD support and more sure beats Smarty Smarts and stale Nestle Crunch bars. Plus you don't need a costume.