There's an interesting theory on the Xbox 360's Red Ring of Death phenomenon: We all know that Microsoft is dealing with so many console returns, but there's a possibility that some 360 owners just caved in to the Xbox 360 red ring of death "mass hysteria". They immediately turned in their consoles upon seeing the four red lights, contributing to the reported high failure rate of the console.
when it comes to the 360.
its a system designed to work for a short while, and fail accordingly.
is the E68 - video cable error.
In order to fix this, power down the xbox360 and reattach the supplied AV/HD cable in it's specified receptacle.
Could be true, but not likely. Mass hysteria could only affect those on-line and reading gaming sites, but most of xbox (and other console) users don't and probably don't even know about the scale of the issue.
since none of the people on my friends list (98) have had 3 rings, and it's supposed to happen on 33% of consoles, this could be an explaination. However, I'm now waiting for the SDF to say that I'm lying and the story was put on by one of the biggest xbox fans on here.