Its already all over the news, Microsoft is releasing an express edition of its XNA toolkit targeted at the hobbyist game developers.
Here’s a collection of news posts about the topic:

http://www.microsoft.com/presspass/press/2006/aug06/08-13XNAGameStudioPR.mspx
http://www.gamespot.com/news/6155590.html?tag=latestnews;title;1
http://editorials.teamxbox.com/xbox/1688/XNA-Game-Studio-Express-Power-to-the-Gamers/p1/
http://www.gamasutra.com/php-bin/news_index.php?story=10458
http://today.reuters.com/news/articlenews.aspx?type=technologyNews&storyID=2006-08-14T054006Z_01_N13196180_RTRUKOC_0_US-MEDIA-MICROSOFT.xml&WTmodLoc=Home-C5-technologyNews-3
http://seattlepi.nwsource.com/business/281098_software14.html
http://news.digitaltrends.com/talkback138.html
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/14/AR2006081400002.html
http://www.nytimes.com/2006/08/14/technology/14game.html?ref=business
http://news.com.com/Play+your+own+Xbox+game/2100-1043_3-6104939.html
http://www.wjla.com/news/stories/0806/352510.html
http://arstechnica.com/news.ars/post/20060813-7490.html
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2006/08/13/national/a210122D44.DTL
http://www.sunherald.com/mld/sunherald/news/breaking_news/15267974.htm

You can also sign-up for the beta here: https://connect.microsoft.com/site/sitehome.aspx?SiteID=226

Technorati : DirectX, Microsoft, XBox, XNA
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