there are hitches on this as you might lose all you bought.

    Consult the XBOC360 pages on the XBox site. There is a way to reset the passwords. I think it only works smoothly if the email account linked to the 360 account is still valid. There is an option to mail yourself the link and then reset the password.

    most purchasses do NOT allow transfer of purchased goods from one system to another.

    The second thing you could try is to make a new account on your 360 and then link that to a new account, however, there is a chance you need to know both passwords.

    Pklease double check with the xbox 360 site to be certain, so you do not lose any purchases.

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