Yes, Microsoft still has a trickle of new Xbox Live Arcade content coming to the Xbox 360. For example, the very extreme looking FPS Rekoil: Liberator by Plastic Piranha.
Check out the details below.
Rekoil: Liberator ($14.99)
Frag your enemies back to the stone age! Set in a world devastated by an unrelenting pandemic, Rekoil is a fast action & highly balanced arena shooter that allows players to frag each other to oblivion. With 7 different game modes, 10 maps, & 40 different weapons, Rekoil is the action FPS refined to its purest form ensuring the fun is maximized & the best player with the greatest skills & most points wins. Whether you enjoy run & gun, or prefer a tactical setup, play the way you want to play.