The lights are on
I too know the pain of the red ring of death.
The story I heard is that MS used cheaper components in the circuitry of the 360.
As an unforseen result, systems began failing at an epic rate,
MS put billions of dollars into the problem, but many feel that they understate the problem.I or one can't blame them for protecting their product.
At least they are doing something about it though.
As far as your situation goes though I can't really blame you for going another route. The PS3 has some sweet looking games!
You need a reliable system.Get a PS3. But keep your options open in the future, because I'm pretty sure that MS won't make the same mistake again.