I never gave the RRoD stories that much credibility until I discovered a few weeks ago that all three people I know first hand that own xbox 360 have had xbox 360 failures (not elite boxes).
Two had RRoDs and one just totally locked up at the end of a cut scene at the end of a game and the box wouldn't restart.
Three out of three gets my attention. None of these guys have a PS3. They love their Xboxes and even though they are pissed, it doesn't look like they will abandon the platform.
I, personally, would not buy an xbox 360 until I am sure they have resolved these hardware engineering issues. The issue is real and is partially covered up by MS.
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