Xbox 360 Edition

Minecraft: Xbox 360 Edition is a version of Minecraft for Xbox 360 consoles, announced at the 2011 E3 conference by Notch and Microsoft. MineCon attendees had a chance to play the Xbox Edition before its release. Notch has stated that the Xbox 360 will be the sole console provider of Minecraft.

Development
Notch later announced the team developing the game would be 4J Studios. Daniel Kaplan tweeted about receiving an early copy of Minecraft for Xbox on September 7th, 2011. Additionally, updates will be free of charge, much like on PC.

Exclusive features
This version of the game will be similar to the PC version, but will also have exclusive features : Mods, Texture Packs and extra player skins will be available much later.
 * You can take screen shots and post them to a social networking site
 * The player will optionally be able to make use of Xbox Kinect functionality to assist in their gameplay. Although Kinect functionality will not be available at launch.
 * The Xbox version won't make use of the standard crafting interface as in the original version, but will still have similarities to the PC's 2x2 and 3x3 crafting grids. The interface won't require you to place items in the correct place in a crafting menu, but will simply ask what it is that you want to craft, tell you the blocks required to craft it, and—if you have those blocks—give you the item.
 * A split-screen function will be featured. 4 players in split screen, as well as the possibility to play 8-person online multilayer(will be released later) gamemodes in split-screen.

MineCon
The game was showcased as a playable demo at Minecon 2011 and was deemed a 'work in progress'. 4J Studios has confirmed that as of now, it has all the features of the PC minecraft version prior to 1.6.6 due to the absence of a hunger bar and pistons. IGN has also done a video from Minecon here that shows that the graphics are looking very close to the ones on the PC.

Release
In October 2011, Microsoft said the release was planned for Spring 2012. On March 9, 2012, Daniel Kaplan said it's Microsoft's decision on when it will be released. 4J studios have told Microsoft that the game is ready for release. Although the release may come out after march 21 due to the change in gamerscore for arcade games. There has been many "leaked images and gameplay videos showing 400 gamerscore, rather than the regular 200. Official release date will be announced on 22nd March as stated via Microsoft's web

Cost
The cost of the XBLA version of Minecraft is 1200 Microsoft points, according to Minecraft for XBOX 360 Facebook.

On March 13, 2012, Minecraft themed avatar items were added to the Xbox live marketplace. Among these include Minecraft shirts, pets, items and headwear. All of which range from 80 to 240 Microsoft Points.

Trivia

 * 4J Studios, the company responsible for the port to Xbox 360, was also responsible for several other video game ports, namely Banjo Kazooie, Banjo Tooie, and Perfect Dark for XBLA as well as The Elder Scrolls IV: Oblivion for the PS3.
 * It is confirmed that updates will come to the Xbox version a month or two after corresponding updates for the PC version.
 * As of November 2011, Minecraft was added to the Xbox Arcade download section, although you can only download one of the teaser trailers. Nonetheless, It was given very high ratings and it confused the Xbox community into thinking that the game had been released at the time.
 * In 2011, after MineCon, BestBuy released on their website a pricing of MineCraft Xbox 360, which due to popularity was $60. They also supposedly slipped the release date.
 * On March 12th 2012 Major Nelson announced via Twitter that the Minecraft Xbox Edition avatar collection would be arriving on March 13th, featuring a avatar Creeper helmet, a Diamond sword, a Steve head helmet, a pet pig, a pet wolf, a pet Creeper, a Minecraft logo shirt,Creeper shirt, a Minecraft cape and Notch's hat.