The update will finally allow Xbox One users to purchase backwards compatible Xbox 360 games directly through the Xbox One store.  Players will be able to search for and purchase Xbox 360 games the same way they do now for Xbox One titles.

The March update will also allow players to include a party chat in a Twitch broadcast, start a 16-player party chat, and output party audio to a headset and speakers simultaneously.  Microsoft has also improved its video playback system and players can now view videos directly in their Xbox One activity feeds.  You can view the full list of incoming updates on Major Nelson’s Blog.

A few days ago, Microsoft announced their Xbox One spring sale and temporarily dropped the price of the console to $300.  If you do not own an Xbox One and have been waiting for the right time to buy one, now’s your chance.