You know that Xbox 360 Dashboard Update we’ve been talking about? Microsoft has finally given it a date, and you can expect it to hit your Xbox 360 on August 11th. This update brings with it Netflix Movie Parties, along with a bunch of other Netflix updates, Games on Demand, and the Avatar Marketplace, which allows you to spend Microsoft Points on clothing and accessories. The other features, like Twitter, Facebook, Last.fm, and Zune Marketplace with 1080p instant-on movie streaming will arrive later this fall.

Remember, you still have a chance to apply for early access to the Xbox 360 Dashboard update.