This news broke last week, so I’m a little late. But it’s important news, so I’ll post it anyway.

The Content License Transfer Tool (aka DRM Tool) is now available for use. This tool will allow you to consolidate licenses to a single console. What exactly does this mean? Well, a lot of sites reporting on this don’t seem to have a full understanding of what this is and exactly how it works. Even the official FAQ doesn’t make everything entirely clear, so I’ll do my best to what this is and why we have it. Hit the jump for the best explanation I can come up with.

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I’ve been really excited about this game for a long time. The art style is great as are the hand drawn graphics. Four player co-op is going to be a blast. I simply cannot wait for this game.

Link: Castle Crashers GDC 2008: Cartoon Carnage Walkthrough [Via Xbox 360 Fanboy]

This week’s XBLA release is Triggerheart Exelica, which is apparently a remake of a classic Japanese arcade game. Never heard of it myself, but I’m sure someone out there has been waiting for this game. From the media release:

“Triggerheart Exelica” on Xbox LIVE Arcade is an upgraded version of the original Japanese arcade game and allows players to take down or trap and toss enemies by controlling humanoid weapons systems known as Triggerhearts. Players will enjoy the smallest and newest model of Triggerhearts, which feature the perfect blend of artificial intelligence and an imposing arsenal. They are the ultimate weapon against the mysterious enemy ships of the Ver’mith! “Triggerheart Exelica” also features five stages of enhanced graphics, BGM sound tracks, three difficulty levels and a “Variable Boss Attack System,” which adjusts the difficulty level to match player’s skills.

Link: Triggerheart Exelica Coming to Xbox LIVE Arcade This Wednesday

In their GDC keynote earlier today, Microsoft announced that users will soon have the ability to play, rate and share community-created games over Xbox LIVE. Along with the announcement came the news that seven original XNA 2.0 games will be immediately available on Xbox LIVE Marketplace. Hit the link for the full press release.

Update: Major Nelson has just announced the availability of the XNA Creators Club Game Launcher from Xbox LIVE Marketplace. The app will allow you to download an launch games from the XNA Creators Club.

Link: Xbox 360 Becomes First Video Game Console Ever to Invite the World to Create Original Games and Share Online With Millions

Long anticipated N+ is finally coming to Xbox LIVE Arcade this Wendesday for 800 points. Metanet Software has announced via their website that they have received approval from Microsoft and can now officially confirm the game’s release date.

Also available are some gamerpic packs, which Metanet is quick to point out will not be free, much to their admitted frustration.

Link: N+ on XBLA this Wednesday (the 20th)!! YES!!!!!!! [Via Kotaku]

Now available for download are this week’s Xbox LIVE Arcade releases: Discs of Tron and Commanders: Attack of the Genos at a cost of 400 and 800 points respectively.

I’m sure some will have fond memories of Discs of Tron, but I can’t say I’ve ever played it. Commanders appears to be similar to Advance Wars, if that’s your kind of thing.

Anyone planning on purchasing either of these games?