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  Microsoft Ready to Plug Xbox Into Internet
Time: 12:18 EST/17:18 GMT | News Source: Reuters | Posted By: Todd Richardson

First Microsoft bet big on the Internet. Then it wagered on video games. Now, the software giant is going double-or-nothing on a combination of the two -- one it hopes will ultimately pay off in spades.

On Friday Microsoft launches Xbox Live, an online gaming service with global aspirations that is part of the company's five-year, $2-billion strategy to make its video game console the center of a networked home entertainment system. "We're really taking a crawl-walk-run approach to this," J. Allard, general manager of the Xbox at Microsoft, told Reuters.

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