PSA: Xbox Live is currently dealing with sign up and purchase issues [Update: It's back]

Update: The problems seem to have been fixed
Microsoft's Xbox Live is not working correctly for some customers at the moment, with the company reporting that they are experiencing sign up issues with the online service, along with issues with purchasing content.

Xbox One S
According to many user complaints on Twitter, as of 7 p.m. ET on August 2, Microsoft's Xbox Live is down for many users. That's also been confirmed by the Xbox Live Service Status page. The timing of these problems are particularly bad for those folks who got a shiny new 2TB Xbox One Sconsole today. We'll keep an eye on the service status page and update this post when Microsoft fixes them.
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