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I bought my 360 elite when there were rumblings about reliability 2 years ago. That was before MS upped the warranty period. Thats why I bought extended warranty. Sure enough the console failed exactly 16 months but didn't RROD so I would've been not covered by MS new RROD warranty policy. My extended warranty paid me back my original purchase price of the Elite and I bought a Jaspar arcade unit. I guess it worked out eventually. Still out the money I paid for the extended warranty.