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MSFT seem to be trying everything they can to boost sales and it doesn't appear that they are working. Price cuts, unbundling kinect didn't work so I very much doubt this will swing the tide or actually even have any noticeable effect on game sales. It'll just mean that people buying a console will be getting their chosen title as digital courtesy of MSFT rather than a physical copy from your local store. I can't actually see the retailers being too happy with this as they won't be seeing their share of physical game sales.

The way things are going though, pretty soon it will be buy a $75 voucher and get free console.