I just had a chat with a friend of mine who works for Microsoft. Apparently, there are no plan to release XBOX360 in South Africa at all. It will only be available via import, like Xbox currently is. This also means no official XBox Live support. I’m bummed about this.
Fortunatly, with the new “Silver” Xbox live, if you have ADSL you should still be able to play online, as it’s free and hopefully you won’t need a foreign credit card to get access. You won’t be able to play on the weekends or enter tournaments though.
I put the blame (maybe unfairly, but I don’t care!) squarely on Telkom. I’m sure if bandwidth was cheaper, the market for this would be bigger, and it would be a viable option for MS, but not at the moment.