Xbox Live is down for many (Update: It’s back up)

If you were trying to sneak in a quick game on Xbox Live during your Friday afternoon lunch break and found that you can’t get online: don’t worry, you’re not alone.
While Microsoft’sXbox Live Status page still says all things are good to go (Update: Microsoft’s status page has now caught up with the outage, and says that it’s impacting sign-ins, account creations and searches), reports are pouring in of an outage keeping many users from logging in.
Micro