Ok. So the first time I received the 'red ring of death' on my XBOX 360, I was very upset. I didn't know what to think besides being angry at Microsoft. When I found out that they covered it under warranty, I was thrilled. The second time I received the 'red ring of death' on my XBOX 360, I was pissed. I now own my third XBOX 360, replaced twice by M$. The only good thing about this is that they keep extending the warranty for the XBOX red ring issue. They admit to the problem and openly replace consoles that are having this issue. I respect that.
Here's a great article on why the XBOX 360 had issues: In short, there were many issues with heat sinks, cheap chips, and improper testing which is all identified by M$ memos and actions.
Click here for the story, including an in-depth report if you really want to see it! Link
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