Sorry, Myspace.

Microsoft announced Twitter and Facebook were coming to the Xbox 360 at this year s E3, and Eurogamer is now reporting that heavy work is being done to get the two social platforms enabled by the end of the year.

[Microsoft marketing’s James] Halton did go on to say, “It will be before Christmas.” He added, “A lot of the background work’s been done for a lot of applications that are coming.”

Netflix is already enabled on Xbox 360, and Last.fm should hit by the end of the year, all of which will be important additions to the ever-improving Xbox suite of features.

Meanwhile, Sony has a web browser but no integration on any of these fronts (yet), and the market-leading Nintendo Wii can hardly get an online game to play well.  Connecting with the connected demographic is getting away from these two companies as Microsoft looks to steal away even more of their free time.