Your Xbox LIVE® Gold membership will expire on 2008-02-13. No respawn. Once it’s gone, you’ll keep your friends list, gamer profile and gamerscore as a Silver member. But you’ll miss out on all the co-op action and getting early access to Marketplace content
I figured that since my card had expired I would just let my account expire and go to silver. Since I wasn't going to pay to play online I decided that I would sell my multi player games off.
Mid March I decided to go on to xbox live to see what kind of access a silver member gets and to my surprise my account was still Gold. I checked my account and it said that my Gold account expires 2009-02-13 so I am like how the hell did I pay for another year?
Worried that Microsoft somehow got a hold of different method of payment I decided to call and find out what had happened. The customer service person informed me that my account was delinquent. I asked how can my account be delinquent if you can not charge my card? When I told him about the email warning me that my account would expire he told me sorry but the only way for me to stop the reoccurring charges was to call.
At this point I decided that I don't play my 360 because it runs really loud and I am worried it is going to red-ring. I can't play it online unless I am willing to pay a fee. After the email and delinquent credit charge I say screw it.
I packed it all up nice and tidy and took it back to Costco. Now I am the proud owner of a $550 cash card. No worries I took the cash card to Costco on-line and bought a new camera and a gps.
If there is some compelling content for the 360, they stop charging for on-line, and they redesign the hardware significantly I can always pick another one up.
Till then PS3 only!