"Create, share, and have fun with all of your friends... but avatars are just the beginning. The new Xbox is tailored for the living room. Here we are at the community channel -- instead of a list of friends, you actually see them. You can chat with or send messages to your friends, but there's something new: create a Live party, private groups of up to 8 people, always connected and chatting as a party."
The Mii-like Avatars are just the beginning, he says. The new Dashboard adds a community channel, which allows you to send messages to friends or invite them to a "live party." With this upcoming update, Xbox 360 becomes an even more social experience.