Well, it’s finally happened – I can finally say the Xbox 360 is a great console.  A few moments after downloading the dashboard up and then the “optional” media update I was successfully watching “X-Files – Fight the Future.avi”!  Would have kept watching too except for the fact that I need to get some work done today.  I didn’t mess with it to long but the player does not seem to support .SRT or .SUB files for subtitles.  Which is a bit disappointing.  I’ll mess with it a bit more just to double check but, I have a feeling Microsoft didn’t implement that feature…