Good thing Microsoft did step forward to say that they are already aware of the situation, and claimed that this particular outage affected only a “subset” of users in multiple states. No idea on whether the outage itself applies to specific services such as ADSL or cable, or is it a random scourge among users.
The latest service update reads, “If you’re having issues connecting to Xbox LIVE and are using the Time Warner ISP, thank you for being patient and sticking with us while we work out the problem. Rest assured we are still working hard alongside Time Warner to fix it as quickly as we can. We will continue to update you as new information becomes available.” Go on then, make as much as possible of whatever there is left of the weekend instead of mourning over a weekend without Xbox Live.