Microsoft has announced that it's extending its Xbox 360 warranty coverage from 1 year to 3 years, following numerous reports of system failures.
"The majority of Xbox 360 owners are having a great experience with their console and have from day one. But, this problem has caused frustration for some of our customers and for that, we sincerely apologize," said Robbie Bach, president of Microsoft's Entertainment & Devices Division. "We value our community tremendously and look at this as an investment in our customer base. We look forward to great things to come."
New users, and users who have not experienced these problems will continue to fall under the 1-year warranty plan unless the get the red ring error