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I would think the main reason the old 90day warranty cards are still in the boxes is, they had shipped 10 million consoles by january 07. so that means since january, most consoles that people bought were MADE in 2006. Microsoft doesn't want to recall those boxes just to shove an extra paper in there, i guess.

but yeah I agree with your instant exchange idea. it basically describes Nintendo's policy for broken consoles (credit card, they send replacement + box, don't charge you for 30 days)