Microsoft has announced the release of XNA Game Studio 2.0, the game development platform for the Xbox 360 and Windows, as “the next step in its initiative to democratize game development ...

Notably, XNA Game Studio 2.0 adds support for Xbox Live and its counterpart Games for Windows Live.

No exact release date is set for the studio, but Klucher did write that the final release is going to be in late 2007. Until then, keep an eye out for a beta of XNA Game Studio 2.0.