Microsoft has extended the waranties on xbox 360’s manufactured before
January 1, 2006 to a full year. The company stated that there was a high number of these xbox’s which were displaying the 3 red lights of death and so to compensate they have created this new policy. Also from my understanding, all those who had xbox’s repaired that were manufactured before January 1, 2006 will be receiving refund checks. Call 1-800-4my-xbox if you want more details, those who have already called have verified that their warranties are extended. Read more on the xbox forums, and on Gizmodo.
This is great news after learning about Sony’s price gouging plan for PS3 Games.