Quote Originally Posted by Venture Beat
Hideo Kojima and Microsoft have signed a letter of intent that states the two parties intend to work out the details on a publishing agreement for a new Xbox game, according to sources familiar with the matter. This is a key step in the negotiations between the Metal Gear Solid creator and the Xbox company. This signifies that both parties have agreed to a generalized deal while lawyers continue hashing out the finer points.

Microsoft and Kojima’s teams have spent months discussing a possible partnership, and now it is more likely than ever that those conversations will bear fruit. The deal is so close that Microsoft has begun preparing for what Kojima will need to make his new game.
Hideo Kojima’s deal with Xbox reaches key milestone