The good news is that Microsoft covers the 360 for 3 years from the date of purchase warranty wise against the RRoD.
Originally Posted by Dave
The only drawback is that you don't have a system while they're repairing it, which can take weeks from what I've heard.
"I do not seek to understand that I may believe, but I believe that I may understand: for this I also believe, that unless I believe I will not understand." --Anselm of Canterbury
For consider Him who endured such hostility from sinners against Himself, lest you become weary and discouraged in your souls. You have not yet resisted to bloodshed, striving against sin.