Microsoft planning TV service for Xbox Live subscribers?

The tech giant is mulling a dedicated TV service that will be available to exclusively to Xbox 360 gamers. It would be an additional charge beyond the monthly fee subscribers already pay for Xbox Live.

Microsoft is apparently considering a number of options for the service, from adding interactive features to existing broadcasts users would receive from their pay TV provider (yawn) to offering more single channels (as it does with ESPN already) to providing a slate of channels that could make it easy for Xboxers to give up cable or satellite TV altogether.

The report says something could be delivered within the next year, but deals would need to be struck with each channel, which may want a premium price to deliver its content (especially if they think they're being underpaid by cable and satellite providers). What would you be willing to pay for a suite of channels available on your Xbox? The same as Hulu Plus ($7.99 per month)? Let us know in the Comments section.