Microsoft has announced that the UK's Xbox 360 Sky Player -- revealed earlier this year -- will finally be released starting October 27. The application will allow users to stream both live television and on demand programming, including sports, movies and popular shows. Gamers will also be able to watch programs together with Xbox Live friends using Party Mode, which acts similarly to the Netflix Party Mode available in the US. The programming line-up and pricing will be announced alongside the release on the 27th.
[Update: We just spotted the above Sky bundle on Wonderwallweb, featuring an Xbox 360 media remote, a 3-month Xbox Live Gold subscription, and a 1-month subscription to Sky Player. No word on the price, though we expect it to be measured in "quids" or some such nonsense.]