Obviously, the original Xbox 360 model had very serious reliability issues, I don't think anyone can deny it. I don't think there are any hard facts, but I believe over 1/3 failed.

But this was down to M$ trying to save money and designing it themselves without any experience I believe. Since then they have sorted the issue and personally, my 2nd generation fat Xbox worked fine until I upgraded it to a nice 360s

For the record, my launch PS3 broke and had to be replaced twice. It then got changed into a blu-ray player and I moved onto another PS3 cause I feared it would break. I don't feel 100% confident of this one lasting for the rest of the year, it makes loud noises....

yes, and the ps2 had also huge problems and i know almost no one who had no problems with the dvd-drive but the ps3 was still very good and i did also see no one who said "we should really wait and see because of the ps2"

and yes, looking at the new system is enough to see that they do much more for xbox one as most other companies do for their electronic devices to avoid a overheating problem. 

console could obviously still get problems, maybe with the hdd or whatever but the chance is not higher as for ps4.

I see you are making things up again!
The warranty was extended 18 months after release. So no, MS did not deny it for years.

I'm basing what I said from experience. Everyone one I know that had a PS1 or PS2 had problems on the optical drives, and three of my friends that have a PS3 had to change the optical drive, one of them had problems 6 months after he bought the console. Also, everyone I know with a fat PS3 had YLOD and had to buy a slim version. It's not like this is an isolated case, though, you can find easily on the internet many, many people that had the same problem.

Of course, it's nothing as bad as the 360 case. But, still, when you had to put your PS1 upside down so it would read the games and everyone else you know did the same, something was obviously wrong.

Your very lucky with your launch 360 my first 360 was a post launch 360 and it E74'd a little then a year after I bought it.  It got repaired and worked fine but I have no clue if it still would work today since it got totaled in a fire in 2010.

Not at all. There are greedy people out there, stupid lawsuits come up all the time. With an install base of 150m, how hard would it be to find a couple dozen people with the disc read error? With the power of the internet, anything is possible. 

If Sony knew they could win because their product had under industry standard fail rates they would have tried. The fact they settled is an admission of guilt.

A company will always try to lose as little money as possible and if they truly had under industry standard fail rates they would have fought it because they would have been able to win.

The BSOD errors on your laptop have nothing to do with the quality of Windows as an operating system.  They are most likely caused by a third-party device driver, or a corruption in a driver or the registry.  Most commonly this has been associated with a pirated copy of Windows 8.

1.  In January of 2007 Microsoft responded by extending the warranty on the console to 1 year offering refunds to any consumer that paid for the repair.  Later that same year (where the 18 months previously came into) Microsoft openly acknlowedged the issue, provided a 3 year warranty and refunded the repair cost for any repair on the issue that the customer paid at thier own expense. 

2.  Yes, they did provide refunds as stated before.

3.  No, they weren't.  While the PS3 failure rates are generally acceptable, they are slightly above industry rates.  In fact, the Xbox 360's failure rate is now below the PS3s.  However, the PS2's failure rate was signficantly higher.

4.  The lawsuit was brought in 2002, two years after the console launched.  It wasn't settled until 2006 and consumers who encountered the problem still had to pay their repair costs.  No warranty was extended.  The only thing Sony did on the plus side was give consumers $25 and a free game, but to play that free game you had to get the console repaired, again at your own cost, which I suppose you could just hand Sony back the $25.

So it took 4 years for Sony to acknowledge a fault in their product, two years AFTER the console launched (eight years total), and in the end the people who dealt with the problem got to pay for the repair and a free game. 

Microsoft's handling of the RRoD problem is still considered, to this day, the way you deal with consumer problems versus the way Sony handled the DRE problem and the YLOD problem.

What if the time it takes to defend their product ends up costing them more than the settlement? Besides, who would want to drag out something like this in court?