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How to use XBOX Live?

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hey I just got a 360 (Friggin SWEET) and now my friends all telling me about Xbox Live. I have a modem and I got the Ethernet cable with the 360. now my problem is that my modem is quite far away from my 360. and I don't know how... But my friend told me that there is a 50 or 100ft Ethernet cable and I think that it is too expensive. soo can you help me please?

also a quick question: is every Ethernet cable Compatible for the xbox-360?