Whenever a monolithic company concocts a rewards program, the inclination is to view it with a skeptical eye, as a Trojan Horse that will surely lead to exploitation. But at first glance, it’s tough to find fault with Microsoft’s seemingly benevolent Xbox Live Rewards program.

The program’s site says it will hand out Microsoft Points — Xbox Live’s online currency — to gamers who take surveys, buy downloadable games, activate and use the Netflix streaming feature and renew their memberships. Rewards are greater for paying Xbox Live Gold members than they are for those who stick with the free service.

If you sign up for the service, let us know how it works out for you.

Welcome to Xbox Live rewards [Xbox Live Rewards via Joystiq]

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