A recently purchased Microsoft Points Card package (manufactured in Ireland) confirms the impending launch of Xbox Live Video Marketplace
in Europe, apparently limited to the UK, Ireland, France, and Germany. The packaging also suggests that users will be able to rent "great movies" (in high-def), but does not mention the possible availability of television content.
Microsoft has loosely targeted a year-end release for Video Marketplace in parts of Europe (and Canada), and with this new evidence, we should expect Tuesday's Dashboard Update
to include the service in all relevant territories.