Gold members of Microsoft's Xbox Live premium online service should expect a $10 price hike in yearly memberships beginning November 1. Director of programming for Xbox Live Larry Hryb, or Major Nelson as he's commonly referred to, recently announced the increase on his Twitter feed along with a link to the new pricing structure.
Annual memberships will go up from $50 to $60, three-month rates from $20 to $25, and monthly prices from $8 to $10. Gamers in the U.S. aren't the only ones incurring the higher prices; Xbox Live members in Canada, Mexico, and the U.K. will see bumps in costs as well.
Now seems like a good time to lock in the current sale Microsoft is offering--12 months for just $40, which is even $10 cheaper than its usual price. Of course, this deal expires November 1.
While Microsoft had announced a few new Xbox Live services at this summer's E3, including support, do you think a $10 yearly price hike is justifiable?