Microsoft’s upcoming Xbox 360 dashboard update may land on November 15, according to reports.

An internal PayPal email to employees this week suggested that the software giant is planning to launch the new dashboard on November 15. Kotaku managed to get hold of a copy of the email and reports that the date lines up with previous updates. Microsoft has issued dashboard updates in 2008 and 2010 in November. The software giant originally launched its original Xbox console on November 15 in 2001. A dashboard update on November 15 would mark 10 years of Xbox.

Codenamed “Madrid”, the dashboard will bring Microsoft’s Metro style interface to the Xbox. Microsoft is also preparing to include YouTube and Bing on the Xbox 360. Bing users will be able to use Kinect’s voice recognition feature to search for movies, music, Xbox LIVE content and more. Microsoft is also planning to include some type of Marketplace with applications for Xbox 360.

Microsoft will also introduce an Xbox LIVE TV service as part of its dashboard update. Microsoft is looking to use the Xbox as a distribution device for cable TV and is reportedly working to secure lucrative deals with the biggest cable TV providers in the United States. The company originally announced its plans for an Xbox TV service at the E3 entertainment expo earlier this year. The company revealed it was partnering with a number of content providers to stream live TV to the Xbox and planned to announce several partnerships soon. Microsoft has yet to officially confirm which partners will power its TV service in the U.S. but recent reports suggest that the company is in talks with cable distributor Comcast and Verizon Fios.

Microsoft’s new Xbox 360 dashboard will enter the  beta testing phase in October. The company is planning a Preview Program for the new dashboard, similar to last years preview. Microsoft is expected to announce details of the preview program in the coming weeks.

[Via WinRumors]