Microsoft is killing off its Xbox Points system in favor of a new gift card system that will be similar to iTunes cards. Cost will now be based on local currency. Players will also have the option of using their credit or debit cards with the new system. Microsoft is set to unveil the new system between now and E3 2013. Everything will be in place for the transition to the Next Gen Xbox which will be unveiled on May 21st.
While this news may be good for your sanity, it may also mean new games will come to the Xbox from developers who have avoided publishing games due to the point system being based on the weak US Dollar.