I'm not sure how much of the following is true. I found it on a forum. But it has the ring of truth to it. Hopefully, the gold service will cost the same as the Live Subscription we already have. I hope it transfers too.
Multiple Levels of Service
On Xbox 360, you'll have a choice of service level. The Xbox Live Silver service means you can connect your Xbox 360 console to a broadband Internet connection and get functionality right out of the box. The premium Xbox Live Gold service delivers the complete online connection package. The breakdown is as follows:
Xbox Live Silver level
Create an online Gamer Profile
Access the Xbox Live Marketplace
Engage in voice and text messaging
Talk to a single friend at a time using voice chat
Receive video messages from Gold level members
Access massively multiplayer online games (additional fees may apply)
Xbox Live Gold level
Paid level of service
All the features of Silver level, and additionally:
o Play multiplayer games online
o Video chat
o Multiplayer online tournaments
o Participate in Xbox Live online programming, such as Game with Fame, Play and Win, and Prime Time activities
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