Yes you are seeing that right. I got he Red Ring Of Death on my 360. I will never forget July 23rd 2007. That was the day the music... er... the games died. It is a very sad sight, trust me it feels even worse than it looks. I called Xbox 360 support the next day and they sent over the "coffin" to send it in for repairs.
On the up side to this story, Microsoft extented the warrantee for all 360's to 3 years on July 5th so my repairs will be free of any charges including shipping.
Sent my 360 off on July 25th to McAllen Tx. It has since been recieved, looked at and... is on its way home. But wait... there's more. They didn't just repair my system, slap a band-aid on it and send it home. No sir. They gave me a whole new system. Yay!! I consider it a belated birthday present from ol' Bill Gates him self. Thanks Bill.
Should have my 360 back by Thursday Aug. 16th at the latest.
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