Microsoft Points To Be Scrapped This Year?

According to a report by Inside Mobile Apps, the Microsoft Point system will be scrapped by the end of the year and replaced with real currency.

This is similar to the PlayStation Network cards, as they offer real currency values instead of a point system. The currency is rumored to work across all XBLM, Games for Windows, Zune Marketplace, and Windows Phone 7. Basically everything on Xbox will be switching to real currency, accordingly.

Microsoft does not respond to rumors and speculation, so we'll just have to wait and see if this is real.