I've had my 360 since about 8 months after launch. Still don't regret it. A few of my friends have gotten RROD, including one of my roommates, but they got theirs fixed in very short order. Don't know what to tell you.
My Wii on the other hand, fried itself within about 2 weeks of owning it. Nintendo was good about replacing it. I had to buy three PS2s over the course of its life, though. DRE errors, general bull**** that Sony did absolutely nothing to fix.
TheMuffinMan said:
i recall the first gen having somthing silly like a 70% failiure rate, while the new gen parts bring this down to a musty 20-30%.
No. The first generation was around 15%, which is still too high. There were several false reports of it being as high as 30%. Supposedly now it's quite a bit lower than 15%, with the smaller-scale parts.