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  • Every game supports achievements / gamerscore
  • Ingame Messages every time
  • Video Chat
  • tons of demos, trailers, themes etc
  • great Video on Demand - service
  • You can download music-videos
  • You can connect the Xbox to a windows media center-PC
  • Friendslists
  • Xbox Live Arcade is awesome
  • VERY easy to handle
  • The way the multiplayer in halo3 works is great. You can upload screenshots, videos or self-created game-modes to bungie.net, other users can click them and they will be downloaded automatically as soon as you start your Halo3 again. This was very impressive to me
  • You can chat with a mate even if he is playing a totally different game.
  • I am sure, there are some more things to mention :D

http://www.xbox.com/en-US/marketplace/catalog.aspx?h=0&r=-1&g=-1&sb=1&s=-1&mt=1&p=4

Here are the movies you can download via Xbox Live.

 

Xbox Live is really well done. Don't let you tell different. [This does not mean, PSN is bad!]



Imagine not having GamePass on your console...