For those of you thinking you might see Facebook or Twitter with the new dashboard update, you’ll have to wait. Not for long, though. Microsoft marketing man James Halton said today that Microsoft is set to release the social networks this fall on their Xbox Live service.

Halton would only get so specific as to say “”It will be before Christmas. A lot of the background work’s been done for a lot of applications that are coming.” So maybe that’s what comes with the August 11th update – background support for more up and coming applications. If you recall, that update also includes games on demand and Netflix movie parties.

Facebook/Twitter integration brings the 360 closer to the goal Microsoft so touted at the console’s release: to be the entertainment hub of the house. Now what’s there to get you off your couch? Oh, right. That would be Project Natal.