From the Microsoft Work and Play Bundle Site:

The Microsoft Work & Play bundle gives you the best value for premium services. With four subscriptions you get access to great productivity and entertainment services for 12 months.

This looks to be a pretty cool deal. Included items are:
Office 365
Skype Wifi + Unlimited World
XBox Live Gold
XBox Music Pass

The price appears to be $149. If you are using these services bundle them and receive a deal. If you already have one or more of the services your current service end date will be bumped by 12 months.