"Just confirmed that the [cloud storage] service has not gone live yet. We'll keep you posted on launch details." -- Microsoft representative.
A story that started in Europe yesterday -- and was yanked by the afternoon -- regarding Xbox 360's cloud storage
coming online is still making its way through the internets. Microsoft officially confirmed to us that the service is not yet live.
We'll be sure to let you know as soon as Microsoft's online save storage, announced during E3 2011, becomes available.