I was wondering what would happen if i deleted my Windows live ID? would i still be able to play Xbox Live.
You should NOT delete your WLID. This IS your account. Your GT is merely a visible handle, but your WLID is where your info is stored.
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If you are having problems with your WLID, you can change it, but do not delete it, as it is important.
For example you will not be able to recover your gamertag without it.