I got my elite yesterday(and yes it is worth the money its awesome)
but when i got it set up and i pressed the button it was green and i went to the dashboard
then i turned it off and came back and turned it on and 3 red lights
i flipped out and was Pi$$ed off
i re connected every thing after talking to microsoft
and it is working just fine
now im playing madden 08
weird huh?
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