It looks like Microsoft is trying to let the Web 2.0 trend continue and expand on their Xbox Live service. First we get word that they are allowing users to listen to LAST.fm straight to the Xbox console. Now, we hear that Xbox 360 owners who have Twitter and/or Facebook can access their accounts via Xbox Live.

If players choose to log onto their Facebook using the gaming online service, they will have access to all their friends on both Live and Facebook — all under the same page. You’ll also have the ability to post screenshots from the games you are playing straight to your Facebook profile. Th first game to take advantage of this feature will be Tiger Woods 10.

Twitter is going to be your average ‘Twitter account,’ but you’ll be able to accesses it through your NXE dashboard. I’m assuming there will be a way to update your 140 word status by simply pressing a button, and that will automatically say what game you are playing. Joy!

Both launch this fall.