You can redownload it but it won't be tie to your new console. You will have to be on-line for it to work.
I think MS has got the worst DRM policy ever to be put in place. If they have better DRM or better transfering scheme I am sure as heck would spend a lot more MS points on games.
They really should give customers option of where they want to "tie" their gamertag to. May be allow you to do it once every 6 months or when you replace your console. Go to live and then have option of tie the tag to new console S/N and after that all the items you bought will work on or off-line with new console.








