If you felt like the Microsoft Press Conference was a little lacking, or that the Kinect heavy display at this year’s show just wasn’t for you, then you may be in luck. Surprisingly, Microsoft left out a juicy bit of information out of their press conference: cloud storage for game saves and Xbox Live profiles will be included in the upcoming Xbox Live update.

While it may sound confusing, the principle is really easy to understand. Xbox Live members will be able to link their save data and Gamertag info to any console, thanks to the data actually being stored on a remote server rather than a local hard drive. Xbox’s Marc Whitten outlined the program in the Microsoft recap email after the show:

“We are making it easier for you to sign into your Xbox LIVE account from any console at any time to access your game saves and full profile, including items such as Microsoft Points to make purchases, Achievements and friends. Cloud storage will allow you to enjoy the same great Xbox LIVE gaming experience even when you’re not in your own living room by giving you the option to store your ‘game saves’ securely in the Xbox LIVE cloud instead of on a portable memory unit or your console’s hard drive. Gone are the days of ‘gamertag recovery’ Now all you need to do is sign in, no matter where you are!”

Unfortunately, this brings up more questions than it does anything else. While we may be able to store our save data remotely, how much space are we allotted, and what happens if anything happens to it? Will the service come to only Gold Members? Can multiple consoles be activated, and can they be on at the same time? These are the questions that need to be addressed before the excitement can set in.

However, this is a big deal for Microsoft, particularly now that Sony is offering cloud storage to PlayStation Plus members. Being able to go from your home console to a friend’s and never have to worry about a USB drive saves time and more space on the hard drive, which makes everyone happy.

Will you make use of Xbox 360’s cloud storage once it goes live? Do you have any concerns about the system?

Stay tuned to Game Rant for more news and updates as E3 2011 continues through the week.