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Xbox's own Major Nelson just announced that the 2013 Fall(ish) Xbox Live Update for the Xbox 360 is being released today.
On Larry Hryb's Major Nelson Blog, he announced that the update is locked and loaded. The major feature of this update is to allow Xbox Live members to be able to purchase content using their local currency, ending the not-so-popular Microsoft Points. Don't fret because you should see the points that you have currently converted over to the local currency and any unused points cards will be honored and converted into money as well.
This update will hit your console the next time your turn it on. Ready, set.....go!