It looks like the Xbox 360 version of Torchlight finally has a price and a date as Major Nelson has revealed that the game will be available on March 9th for 1200 points.
I know some of you might complain about paying $15 for a game on Xbox Live Arcade but the game is easily worth the money. I played the PC version over Christmas and it's an easy recommendation. I am interested to see how the transition to the console but I have a lot of faith that Runic did the game right. Given that the game generates the dungeons dynamically every time you play you're getting a game that's going to change every time you play it.
Here's a short trailer that shows you what you're getting: