As reported the Xbox Fall Dashboard update is happening today at 2am PST. This is in about 45min. as of publishing this.

Microsoft already revealed what the new features in the Xbox 360 update will be. Among the key new enhancements of the Fall Dashboard Update 2007 are the previously announced Xbox Originals game download services, Family Timer parental control feature, and expanded social networking experiences.

Xbox 360 owners can also look forward to enhanced navigation, profile, and video features, and Xbox LIVE Arcade Hits.

This free Xbox 360 Fall Dashboard Update will be digitally distributed over Xbox LIVE.