I had the same problem, and sent mine off to Microsoft. It ended up costing me about $100 and 2 1/2 weeks of boredom, but I haven't had any problems since. They also renewed mywarrantyand gave me a free month of a Gold Membership to xbox-live...ya, I know...wow a whole month...but its better than a kick in the nuts.abarclay21
Thanks man, that sucks but it looks like the only option.
Thanks for all the other replies, but I have already had the red rings twice, I hate Microsoft!!!
If anyone else has anything more to add I would be more than happy to hear it......
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