Seems like everywhere I look these days, someone is mentioning an X-Box 360 that has died on them. I've read it on a few gaming blogs, I had a customer bring back a red-ringed set the other day (what a hassle this is - first you suggest for them to contact M$, then when they don't feel like doing that, swap the set for another one and send it back to M$ yourself, or lose several hundred dollars.) What ever happened to product quality? I remeber back in the 90's buying video games was a complete 100% no-hassle deal. I buy a SuperNES, it works, I take it home and play it. End of story. Granted systems were not mini computers like they are today, but it seems that as "progress" increases, the frequency of headaches rises proportionately.
I've been holding off buying a 360 as long as possible - since I'm a huge shmup fan, the deciding factor is Treasure's upcoming project, which probably won't go cross platform. I've got my fingers crossed that the new wave of 360s will fix all its woes and make it a console I can rely on.