3 red flashing lights on 360?

See, this is the kind of thing I'm afraid of. I wanna get a 360, but not if it breaks on me a day or two after I have it :redface2:

Oh please don't listen to the noise Gamespot and other places give you about **** breaking the first day you get it. People said that about Rock Band, I have it and it hasn't even showed one problem. My 360 is an older model, 3rd shipment, so its not as good as the other ones out there today (its loud, scratches discs after extend time of play, I have to vent it out on occasion since dust collects inside and causes overheating, Disc tray doesn't open sometimes) but it still works alright and hasn't pissed itself and dropped dead yet.
 
I did something similar with my PSP.

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Um, if I'm not wrong the warranty is extended, for that problem only, up to three years from the date of original purchase. Meaning you can just exchange your set for a completely new one, free of charge. My 360 just had the same problem and the local Microsoft office said I could come down to exchange it for a new one this coming Tuesday free of charge.

The only thing that bugs me is that this makes it the third time I've experienced this problem dammit.:shakefist
 

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