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Azerth said:
Im pretty sure that the owner of the disk can play when ever and only 1 out of ten can play from the shared library

Im starting to think that ms is giving things out in sections the entertainment stuff was at the revel, games were at e3, so maybe xbox live is at the next con

Yeah I think it works exactly like this. If someone is playing a game from my shared library, no one else on my list can access the library. One reason why I think the impact on sales from this will be minimal.