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My Christmas lights are Red

Firstly, Merry Christmas everyone! hope you all got what you wanted because unfortunately I didn't. On christmas day I was sitting down to enjoy the new games I had recieved for my Xbox 360 when after 10 minutes of playing, small black squares appeared on the screen. In a state of panic I jumped up and quickly turned of my Xbox 360 and back on again. Unfortunately when I turned it back, 1 red flashing light appeared on the front of the console. HARDWARE FAILURE! I thought that it couldnt possibly have happened but there it was on the screen, an error message - E74. This apparantly means that the scaler chip in my xbox console has been taking to much heat and that the soldering on it has come loose :( Stupid 360 design flaws, they just cant cool down. I rang the retail store that I purchased it from and seeing as it was just over a year ago that I bought it, my store warranty is no longer valid. However my Microsoft warranty of 3 years is, which means that I will probably have to send it off for repair. As soon as they pick up the bloody phone that is. Seriously I have been on hold for about half an hour now :evil: Anyway, Merry Christmas!