IGF 2012 Excellence in Design winner Spelunky hits XBLA on July 4 for 1200 MS Points/$15, according to MS's own Major Nelson. After over two years of development, Andy Hull and Derek Yu will give us something to do while the rest of America barbeques and goes to a foreign land called "outside."

Spelunky's XBLA version will contain huggable HD graphics and cooperative and competitive play, in addition to the randomly generated platforming intensity the series is known for.

While the developers have been entrenched in all things XBLA, hopefully they are still considering a PC port for all console-fearing folk, too. Until this hits, everyone can practice on the original Spelunky on Windows and Mac for free.