Microsoft Temporarily Drops One Year Of Xbox Live Gold To $39.99
That's $20 off the regular price of $59.99 and represents the typical sale price that third-party vendors often mark these things down for. Every once in awhile you can find them for a few dollars less, and if you're lucky, you can snag one for about $30 from a reliable third-party vendor, though that type of deep discount is pretty rare.
Microsoft's price, while not the lowest we've ever seen, is a decent deal, especially if you don't want to play the waiting game for it to go on sale elsewhere. You can also grab your code from Microsoft immediately if going the digital route. Alternately, you can opt for the physical card at the same discounted price.
If you've been out of the loop for awhile, keep in mind that Xbox Live Gold is no longer required for some apps and features, such as Netflix, Twitch, ESPN, Skype, and YouTube, to name a few. However, it is needed for online gameplay and related features like party chat.
There are various other benefits that come with an Xbox Live Gold membership, including exclusive discounts and free games. With regards to the latter, Xbox Live Gold members who own an Xbox One can download Rayman Legends for free during the month of March. If you own an Xbox 360, a Gold membership gets you Tomb Raider (available to download March 1-15) and Bioshock Infinite (through March 31).
Microsoft hasn't indicated how long the sale will be good for. If interested, go here.