Microsoft announced at E3 that they will soon be using cloud storage for the 360 though they have had to release a statement today to clear up some release details and say it hasnt gone live yet despite some media outlets claiming it was up and running.
The cloud service will enable Microsoft to store gamertags, save data across different consoles, Microsoft Points, friend lists and achievements on the cloud so gamers could recover them easier if for some reason they were 'lost'.
SOURCE
