Political junkies, members of the informed electorate, concerned citizens: YouTube isn’t the only place to watch a live streamed version of Wednesday night’s Presidential debate. Those of you with Xbox LIVE can also stream the first debate of the season – and you can even participate if you want.

Xbox LIVE members can watch the live stream via the Election 2012 Hub on their dashboards. Microsoft launched the Elections Hub back in August as users’ go-to place for streaming election content as well as some original content.

The interactive part comes in the form of live poll questions designed to track each candidate’s performance. Here’s how it will work, courtesy Major Nelson’s blog:

“Throughout the debate, the Xbox LIVE community (Xbox LIVE gold membership required) will be able to weigh in with their opinions by responding to real-time poll questions about the candidate’s performances, their responses to questions and views on issues. Participants will be able to view poll results of the Xbox LIVE audience throughout the evening. All Xbox LIVE participants are also encouraged to submit poll questions via Twitter – #XboxPoll. Submitted questions will be reviewed and some of the best will be asked to the Xbox LIVE community during each debate.”

You can catch the first debate on Wednesday night at 9 pm ET. You can expect the same setup, streaming+interactive, for the other two Presidential debates as well as the Vice Presidential debate later this month.

As a bonus, Major Nelson says that anyone who watches at least three of the four debates via Xbox LIVE will receive a free Halo 4 Warrior Armor avatar.