My XBOX 360 was purchased in November of '05. I have since then played it, on average, 2 hrs. a day. It has a great selection of games, great controller, and a great interface. However, I recently received the "red ring of death", just before they announced the 3 year warranty. As fun as the system is, 4-6 weeks of down time being repaired is just not my idea of normal operating for a product. There are estimates of 25% and 33% hardware failure rate. This is sad. I have a hard time shelling out for more games I may not be able to play in the future. If you decide to buy this product, I would strongly recommend buying a product replacement plan from your store. I know some stores offer them, but it's going to cost you another $60 to $100 dollars. You may as well get a competing console that isn't going to give out after a few months.