I have been having this issue for over one day now. I bought the game fully expecting to play it and have fun with it over the holidays, but this issue is not allowing me to play the game. I have restarted my Xbox 360 numerous times, and configured my network/Live connection... Everything is fine and working.
Please Bungie fix this annoying issue. I bought a blank game!
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Do a little bit of research before you clutter up the fourm. Microsoft is doing maintenance on all their multiplayer servers.