Mine is still working fine, but for the longest time I have been having controller issues where they wouldn't work unless I plugged them in via USB first.
Very annoying but manageable.
It is quite surprising that my 360 is the only one that has run flawless so far out of my 3 current gen machines. 
iPhone = Great gaming device. Don't agree? Who cares, because you're wrong.
Currently playing:
Final Fantasy VI (iOS), Final Fantasy: Record Keeper (iOS) & Dragon Quest V (iOS)

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