Parental Timer coming to the Xbox?

According to G4's The Feed, Microsoft is teaming up with the Parent Teacher Association (PTA), and football superstar Jerry Rice to encourage families to limit Xbox time by enabling parents to physically control the consoles usage via a "Family Timer". “As a leader in interactive entertainment, it’s Microsoft’s responsibility to provide parents with tools they can use to manage their children’s video gaming and online experiences, and we have made that a priority from the very start,” said Robbie Bach, president of the Entertainment & Devices Division at Microsoft.

Okay, for enough cash I'll kill this story and deny any knowledge... time to pool your allowances together kiddies!