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E74: There is high chance it's a scaler chip problem (the "ANA" or "HANA" chip near the AV cable connection) it can also be caused by a faulty AV cable so check that first. In some cases it is a problem with the GPU and may be repairable by doing the x-clamp replacement (see error 0102)

Fernando, try using a different HDMI cable or see if component connection takes it away. If not you'll have to call MS. This is the same problem my friend got on his launch 360



Completed X360:
High Def Movie Collection