Well, they tried. Microsoft points were one of the most obscure “innovations” of this console generation. Why was there a need to convert real money into something virtual and dubious? Perhaps, we will never know.
The new system update for Xbox 360 has already removed MP in the UK and France. The existing points have been converted into real money and won’t be used in any further purchases. The update will gradually appear in other countries, though the exact dates are unknown.
Let’s just hope they don’t try to pull something like this with the Xbox One.