Check this out, go down to the bottom of the page and Episode 1 is free? What does this mean? Xbox LIVE Marketplace | Fable II
They are releasing Fable II as episodic content, with the first being free. It consists of the first part of the game where you are a child in the city.
Hmmm, that's not really a bad deal. I wouldn't mind revisiting this game like this, but I wonder how much the full game is memory-wise.