Microsoft has just announced that Redbox Instant, the company’s streaming video venture with Verizon, will be coming to the Xbox 360 as as console exclusive.

“Today we’re happy to reveal that Redbox Instant by Verizon will be coming to Xbox 360 in the very near future,” says the Major Nelson blog. No other details were provided on the exact launch date of the new app, simply the “very near future.”

Also adding to a vagueness is the phrase “coming days,” which is the time frame in which current Redbox Instant beta participants will receive an email with a special access code. Redbox Instant is currently in a beta testing phase, but is likely to open up to everyone by March.

As is the case with Netflix, HBO Go, Hulu, and most other Xbox apps, an Xbox LIVE Gold membership will be required to use the new Redbox Instant app. Redbox Instant itself costs $8 a month ($9 for Blu-ray), and that includes full streaming access as well as four additional physical rentals.

Score one for Microsoft as they’ve just landed another streaming video option to tempt users into paying for Xbox LIVE Gold – even if Redbox Instant’s current offerings leave a lot to be desired.