What they will most likely do is replace the motherboard in your 360 and leave the chassis as is. Before you send it in you will want to take the face plate off as well. Just so it doesn't get "lost". At the end of this year they should come out with a new motherboard that supposedly isn't supposed to do the RROD. So if your Xbox gets it again after the end of this year they should replace it with the new motherboard.
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