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check this site for more information> http://www.teamxlink.co.uk/
this program is still in beta.
you will need a computer and an Xbox for this.
You have to link your PC to your Xbox or something but it is explained on the website.
Have Fun with the free Xbox live ^_^~!
They have had a program like that ever sence the xbox has come out. I remember playing Halo1 with it.
http://www.xbconnect.com/
in my opinion its better to play Halo 2 on XBC then on live just so you dont have to use Bungie's fucked up Matchmaking system.