Don't know how widespread this error is, really. I have friends who have suffered RROD and harddrive failures but I don't know anyone who has gotten this error (yet). I believe it is a much smaller issue than RROD was at its height at any rate.
That said, the last thing the 360 needs is another way of crapping out hardware wise, it is amazing to think that companies can construct such malfunctioning machines in this day and age (which is a shame, it truly is a great console!), let's just hope they learned something from that this gen and don't fall into the same pit next gen. 







