As a gamer on a budget trying to get into the new generation, I find myself limited to being able to afford only one console. Up until now, I've been a Playstation guy. Last generation, I chose the PS2 simply because I had PS1 games to play on it. I realize now that that isn't a good reason to choose a new system; just keep the old one and you're fine.

Now that the new generation is here, I'm SERIOUSLY considering jumping ship and get a 360. I mean, it just has the games I wanna play (Gears just blew my mind) and XBOX live looks like a HUGE plus for XBOX. However, before I put down my hard earned cash, I have a few concerns about the system that I'd like your, my fellow gamers, thoughts on.

My biggest concern is the failure rate of 360s. If I get a system, I want it to work. I can NOT afford to get a replacement system. Have any of your 360s failed and how did you resolve the problem? Were you satisfied? I know that Microsoft recently upped the warranty to 3 years, but I'm still very nervous about getting a system with such a high failure rate.

Your thoughts and advice would be appreciated.