He continued, "So I think we've made it clear we stand by the quality of our product and we will make it right by fixing the problem at no extra cost to you. But at the same time, we've been working hard to make improvements in the products we're currently making, so I really feel like most of this is well behind us." Greenberg then repeated the fact that three-year red-ring/E74 error warranty is in effect for all 360s already on the market--and will extend in the future to those currently being made.
Can you still mention "quality" when you're facing unofficial reports of 30-50% failure rates?