Yah sure, they have a 3 year warranty, but warranty isn't a fix, it's merely an assurance. Imagine a doctor prescribing medicine to you, but tells you he is not sure if it is the right medicine for you, and if it isn't, go back to him to try a different medicine and it will be free of charge. That's a quack doctor. And so is Microsoft.
jhcho2
With the difference that a wrong medicine could seriously hurt you while the XBOX will be away for 2 weeks for repairing. The RROD is bad, but with the extended guarantee and the small price you really can't complain. The PS3 is also more expensive because its integrated parts are of higher quality.
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