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The RRoD does exactly what it's supposed to do: let you know your console is in need of repair. Every console can break, so the RRoD will never go away. However, the underlying problem which caused most RRoD malfunctions appears to have been fixed. There's no way of knowing for sure until the Jaspers have been out for a few years, but even Falcons had drastically reduced failure rates.

Again, there's no way to know for sure - but anecdotal evidence suggests that the failure rate for the new 360s is similar to the failure rate for the PS3 and the Wii. Try googling "YLoD" if you think PS3s can't break.