So I get home from work last night and trun on my 360 from launch and all I see are the three red lights. This seriously sucks, it was a launch unit and now its out of warranty. Seriously, WTF is up with MS quality control, they have some serious problems. I camped with two other guys at launch who are on their fifth and third 360s respectively. I thought I had lucked out. So is this going to cost me $140? I am so pissed! I really want to get an Elite anyway and hope that somehow MS has addressed this problem but I don't count on it - another friend of mine bought a 360 in January that was manufactured in December and his has already kicked the bucket. MS clearly has no idea what they're doing!