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if I have an xbox live account for the 360 do I still need to pay for a original xbox live account
No you do not, but you will need to recover it on the system you wish to play on. Each time you go from your 360 to your regular xbox, or vice versa, you will need to do an account recovery.
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well, if you want to play halo 2, your 360 is proablly backwards compatable, unless it is arcade